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Earnings Per Share
 12 Months Ended
Jan. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

 

(12) Earnings Per Share

Basic earnings per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, reduced by the number of shares repurchased and held in treasury, during the period. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding share option awards, nonvested share awards and nonvested share unit awards.

The following table sets forth the computation of basic and diluted earnings per common share:

 

Fiscal Year Ended

 

 

January 31,

 

 

February 1,

 

 

February 2,

 

 

2015

 

 

2014

 

 

2013

 

Net income

$

13,784

 

 

$

21,750

 

 

$

28,074

 

Weighted-average shares of common stock outstanding:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

39,961

 

 

 

33,170

 

 

 

33,229

 

Dilutive effect of common stock equivalents

 

180

 

 

 

15

 

 

 

—

 

Diluted

 

40,141

 

 

 

33,185

 

 

 

33,229

 

Basic earnings per share

$

0.34

 

 

$

0.66

 

 

$

0.84

 

Diluted earnings per share

$

0.34

 

 

$

0.66

 

 

$

0.84

 

For the fiscal year ended February 2, 2013, basic net income per share was the same as diluted net income per share because there were no outstanding potentially dilutive securities.