10. Earnings Per Share

6 Months Ended

Aug. 03, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10.        Earnings Per Share

We refer you to the discussion of Earnings Per Share in Note 1-Summary of Significant Accounting Policies, in the financial statements included in our 2014 Annual Report, for additional information concerning the calculation of earnings per share.

We have issued restricted stock awards to non-employee members of the board of directors since 2006 and restricted stock units (RSUs) and/or restricted stock to certain senior executives and other key employees since fiscal 2012 under the Company’s Stock Incentive Plan. Each RSU entitles the recipient to receive one share of the Company’s common stock if the recipient remains continuously employed with the Company through the end of a three-year service period. The RSUs may be paid in shares of our common stock, cash or both at the discretion of the Compensation Committee of our board of directors. We expect to continue to grant these types of awards annually in the future. The following table sets forth the number of outstanding restricted stock awards and RSUs, net of forfeitures and vested shares, as of the fiscal period-end dates indicated:

	August 3,		Feb 2,
	2014		2014
Restricted shares		27		29
Restricted stock units		35		32
		62		61

All restricted shares and RSUs awarded that have not yet vested are considered when computing diluted earnings per share. The following table sets forth the computation of basic and diluted earnings per share:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
	August 3,		August 4,		August 3,		August 4,
	2014		2013		2014		2013
Net income	$	2,272	$	1,688	$	5,076	$	3,814
Less: Unvested participating restricted stock dividends		3		3		6		6
Net earnings allocated to unvested participating restricted stock		7		5		15		11
Earnings available for common shareholders		2,262		1,680		5,055		3,797
Weighted average shares outstanding for basic earnings per share		10,731		10,722		10,728		10,719
Dilutive effect of unvested restricted stock and RSU awards		36		31		34		30
Weighted average shares outstanding for diluted earnings per share		10,767		10,753		10,762		10,749
Basic earnings per share	$	0.21	$	0.16	$	0.47	$	0.35
Diluted earnings per share	$	0.21	$	0.16	$	0.47	$	0.35