Earnings Per Share

3 Months Ended

Nov. 02, 2013

Earnings Per Share [Abstract]

Earnings Per Share

6.Earnings Per Share

The computation of basic earnings per share (EPS) is based on the number of weighted average common shares outstanding during the period.  The computation of diluted EPS is based on the weighted average number of shares outstanding plus the incremental shares that would be outstanding assuming exercise of dilutive stock options and issuance of restricted stock.  The number of incremental shares is calculated by applying the treasury stock method.  The following table sets forth the weighted average common shares outstanding (in thousands):

	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
	November 2, 2013		October 27, 2012		November 2, 2013		October 27, 2012
Weighted-average shares used in basic computations		25,823		26,125		25,893		26,234
Dilutive equity awards		459		488		416		504
Weighted-average shares used in diluted computations		26,282		26,613		26,309		26,738

For the thirteen and thirty-nine weeks ended November 2, 2013, 3,106 options were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because of their anti-dilutive effect.  For the thirteen and thirty-nine weeks ended October 27, 2012, no options were excluded from the computation of diluted weighted-average common shares and common share equivalents outstanding because of their anti-dilutive effect.

We excluded 79,400 nonvested stock awards granted to certain employees from the computation of diluted weighted-average common shares and common share equivalents outstanding because they are subject to certain performance-based annual vesting conditions which had not been achieved by November 2, 2013.  Assuming the performance-criteria had been achieved as of November 2, 2013, the incremental dilutive impact would have been 30,193 shares.