9. Earnings Per Share

6 Months Ended

Aug. 02, 2015

9.	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 2015 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) to certain senior executives since fiscal 2012 under the Company’s Stock Incentive Plan. Each RSU entitles the executive to receive one share of the Company’s common stock if the executive 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 2,		Feb 1,
	2015		2015

Restricted shares		25		27
Restricted stock units		20		25
		45		52

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 2,		August 3,		August 2,		August 3,
	2015		2014		2015		2014
Net income	$	3,938	$	2,272	$	7,410	$	5,076
Less: Unvested participating restricted stock dividends		3		3		3		6
Net earnings allocated to unvested participating restricted stock		10		7		10		15
Earnings available for common shareholders		3,925		2,262		7,397		5,055

Weighted average shares outstanding for basic earnings per share		10,783		10,731		10,770		10,728
Dilutive effect of unvested restricted stock and RSU awards		23		36		26		34
Weighted average shares outstanding for diluted earnings per share		10,806		10,767		10,796		10,762

Basic earnings per share	$	0.36	$	0.21	$	0.69	$	0.47

Diluted earnings per share	$	0.36	$	0.21	$	0.69	$	0.47