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EARNINGS PER SHARE
 12 Months Ended
Jan. 31, 2015
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
 
 
 
January 31, 2015
  
February 1, 2014
  
February 2, 2013
 
Net income
 
$
$73,584
  
$
$70,877
  
$
$72,582
 
 
            
Weighted average number of common shares outstanding
  
25,369
   
25,870
   
26,132
 
   Dilutive stock options
  
66
   
96
   
372
 
   Dilutive restricted stock units
  
185
   
300
   
134
 
Weighted average number of common shares outstanding and dilutive shares
  
25,620
   
26,266
   
26,638
 
 
            
Basic earnings per share
 
$
2.90
  
$
2.74
  
$
2.78
 
Diluted earnings per share
 
$
2.87
  
$
2.70
  
$
2.72
 

In calculating diluted earnings per share for Fiscal 2015, 677 options to purchase shares of common stock outstanding as of the end of the period were excluded in the computations of diluted earnings per share due to their anti-dilutive effect.  In calculating diluted earnings per share for Fiscal 2014 and Fiscal 2013, 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 24,950 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 2015.  Assuming the performance criteria had been achieved at target as of January 31, 2015, the incremental dilutive impact would have been 17,316 shares.