Earnings Per Share

9 Months Ended

Oct. 31, 2015



	For the Three Months Ended					For the Three Months Ended
	October 31, 2015					November 1, 2014
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	32,855				$	28,750

Basic EPS from continuing operations
Income available to
common shareholders	32,855		22,834	$	1.44	28,750		23,602	$	1.22

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			39					113
Employees' preferred stock⁽¹⁾			44					45

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	32,855	22,917	$	1.43	$	28,750	23,760	$	1.21


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the third quarters ended October 31, 2015 and November 1, 2014.

Note 8

Earnings Per Share, Continued



	For the Nine Months Ended					For the Nine Months Ended
	October 31, 2015					November 1, 2014
(In thousands, except per share amounts)	Income (Numerator)		Shares (Denominator)	Per Share Amount		Income (Numerator)		Shares (Denominator)	Per Share Amount

Earnings from continuing operations	$	50,393				$	47,616

Basic EPS from continuing operations
Income available to
common shareholders	50,393		23,308	$	2.16	47,616		23,489	$	2.03

Effect of Dilutive Securities from continuing operations
Dilutive share-based awards			84					156
Employees' preferred stock⁽¹⁾			44					46

Diluted EPS from continuing operations
Income available to common
shareholders plus assumed
conversions	$	50,393	23,436	$	2.15	$	47,616	23,691	$	2.01


(1)	The Company's Employees' Subordinated Convertible Preferred Stock is convertible one for one to the Company's common stock. Because no dividends are paid on this stock, these shares are assumed to be converted in the diluted earnings per share calculations for the first nine months ended October 31, 2015 and November 1, 2014.

The Company repurchased 1,708,000 and 2,132,384 shares of common stock during the three and nine months ended October 31, 2015 for $101.5 million and $129.0 million, respectively, of which $8.2 million was not paid in the third quarter but included in other accrued liabilities in the Condensed Consolidated Balance Sheets. The Company has $21.5 million remaining under its current $100.0 million share repurchase authorization approved by the Company's board of directors in September 2015. The Company repurchased 13,159 shares during the three and nine months ended November 1, 2014 for $0.9 million.