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Earnings Per Share
6 Months Ended
Jul. 29, 2017
Earnings Per Share [Abstract]  
Earnings Per Share

5. Earnings Per Share

The following table summarizes the computation of basic and diluted net income per share attributable to common shareholders (in thousands, except share and per share data):

 

 

For the Thirteen

Weeks Ended

 

 

For the Twenty-Six

Weeks Ended

 

 

 

July 29, 2017

 

 

July 30, 2016

 

 

July 29, 2017

 

 

July 30, 2016

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common shareholders:

 

$

11,996

 

 

$

8,149

 

 

$

20,023

 

 

$

14,222

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding, basic:

 

 

41,549,825

 

 

 

43,747,944

 

 

 

42,033,984

 

 

 

43,747,944

 

Dilutive effect of restricted shares

 

 

2,004,450

 

 

 

 

 

 

1,525,797

 

 

 

 

Weighted average number of common shares outstanding, diluted:

 

 

43,554,275

 

 

 

43,747,944

 

 

 

43,559,781

 

 

 

43,747,944

 

Net income per common share attributable to common shareholders, basic:

 

$

0.29

 

 

$

0.19

 

 

$

0.48

 

 

$

0.33

 

Net income per common share attributable to common shareholders, diluted:

 

$

0.28

 

 

$

0.19

 

 

$

0.46

 

 

$

0.33

 

 

The weighted average common shares for the diluted earnings per share calculation exclude the impact of outstanding equity awards if the assumed proceeds per share of the award is in excess of the related fiscal period’s average price of the Company’s common stock. Such awards are excluded because they would have an antidilutive effect. There were 283,230 and 280,038 such awards excluded for the thirteen and twenty-six weeks ended July 29, 2017. There were no awards excluded for the thirteen and twenty-six weeks ended July 30, 2016.