EARNINGS PER SHARE

12 Months Ended

Feb. 01, 2014

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 4.  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 computation of basic and diluted earnings per share in thousands:

	Fiscal Year Ended
	February 1, 2014		February 2, 2013		January 28, 2012
Net income	$	70,877	$	72,582	$	59,060
Weighted average number of common shares outstanding		25,870		26,132		26,978
Dilutive stock options		96		372		177
Dilutive restricted stock units		300		134		351
Weighted average number of common shares outstanding and dilutive shares		26,266		26,638		27,506
Basic earnings per share	$	2.74	$	2.78	$	2.19
Diluted earnings per share	$	2.70	$	2.72	$	2.15

In calculating diluted earnings per share for Fiscal 2014, Fiscal 2013 and Fiscal 2012, there were no options to purchase shares of common stock outstanding as of the end of the period that were excluded in the computations of diluted earnings per share due to their anti-dilutive effect.

We excluded 34,550 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 performance-based annual vesting conditions which had not been achieved by the end of Fiscal 2014.  Assuming the performance criteria had been achieved at target as of February 1, 2014, the incremental dilutive impact would have been 12,242 shares.