Earnings Per Share

3 Months Ended

Aug. 02, 2014

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				Twenty-Six Weeks Ended
	August 2, 2014		August 3, 2013		August 2, 2014		August 3, 2013
Weighted-average shares used in basic computations		25,555		25,950		25,700		25,929
Dilutive equity awards		251		368		268		394
Weighted-average shares used in diluted computations		25,806		26,318		25,968		26,323

For the thirteen and twenty-six weeks ended August 2, 2014 and August 3, 2013, 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 59,850 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 August 2, 2014.  Assuming the performance-criteria had been achieved as of August 2, 2014, the incremental dilutive impact would have been 25,328 shares.