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Net Income Per Share and Weighted Average Shares
6 Months Ended
Jan. 29, 2016
Net Income Per Share and Weighted Average Shares [Abstract]  
Net Income Per Share and Weighted Average Shares
10.Net Income Per Share and Weighted Average Shares

Basic consolidated net income per share is computed by dividing consolidated net income available to common shareholders by the weighted average number of shares of common stock outstanding for the reporting period.  Diluted consolidated net income per share reflects the potential dilution that could occur if securities, options or other contracts to issue shares of common stock were exercised or converted into shares of common stock and is based upon the weighted average number of shares of common stock and common equivalent shares outstanding during the reporting period. Common equivalent shares related to stock options, nonvested stock awards and MSU Grants issued by the Company are calculated using the treasury stock method.  The outstanding stock options, nonvested stock awards and MSU Grants issued by the Company represent the only dilutive effects on diluted consolidated net income per share.

The following table reconciles the components of diluted earnings per share computations:

  
Quarter Ended
  
Six Months Ended
 
  
January 29,
2016
  
January 30,
2015
  
January 29,
2016
  
January 30,
2015
 
Net income per share numerator
 
$
48,242
  
$
47,163
  
$
89,107
  
$
81,187
 
                 
Net income per share denominator:
                
Weighted average shares
  
23,937,812
   
23,914,797
   
23,947,183
   
23,888,496
 
Add potential dilution:
                
Stock options, nonvested stock awards and MSU Grants
  
109,230
   
117,592
   
112,864
   
128,417
 
Diluted weighted average shares
  
24,047,042
   
24,032,389
   
24,060,047
   
24,016,913