Earnings Per Common Share

9 Months Ended

Nov. 01, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock, plus the effect of dilutive potential common shares outstanding during the period, using the treasury stock method. Dilutive potential common shares include outstanding stock options, restricted stock and warrants.

The computations for basic and diluted earnings per common share are as follows (in thousands, except per share data): 

	13 Weeks Ended				39 Weeks Ended
	November 1, 2014		November 2, 2013		November 1, 2014		November 2, 2013
Net income	$	49,211	$	49,977	$	188,662	$	198,961
Weighted average common shares outstanding - basic	118,142		123,221		119,743		122,942
Dilutive effect of stock-based awards	1,860		2,621		1,991		2,824
Weighted average common shares outstanding - diluted	120,002		125,842		121,734		125,766
Earnings per common share - basic	$	0.42	$	0.41	$	1.58	$	1.62
Earnings per common share - diluted	$	0.41	$	0.40	$	1.55	$	1.58
Anti-dilutive stock-based awards excluded from diluted calculation	1,428		1,086		1,435		977