XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share
3 Months Ended
May 04, 2019
Earnings Per Share [Abstract]  
Earnings Per Share
8.
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):

  
13 Weeks Ended
 
  
May 4,
2019
  
May 5,
2018
 
Weighted-average shares used in basic computations
  
18,308
   
18,970
 
Dilutive equity awards
  
227
   
173
 
Weighted-average shares used in diluted computations
  
18,535
   
19,143
 

For the 13 weeks ended May 4, 2019, we excluded 253,142 options from the computation of diluted weighted-average common shares and common share equivalents outstanding because of their anti-dilutive effect.  For the 13 weeks ended May 5, 2018, we excluded 225,534 options from the computation of diluted weighted-average common shares and common share equivalents outstanding because of their anti-dilutive effect.

We also excluded 72,300 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 May 4, 2019.  Assuming the performance-criteria had been achieved as of May 4, 2019, the incremental dilutive impact would have been 37,928 shares.