Earnings per Share

12 Months Ended

Jan. 30, 2016

Basic earnings per share has been computed based upon the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share gives effect to outstanding stock options.

Earnings per common share has been computed as follows:



	Fiscal 2015				Fiscal 2014				Fiscal 2013
(in thousands, except per share data)	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net earnings available for per-share calculation	$	269,370	$	269,370	$	331,853	$	331,853	$	323,671	$	323,671
Average shares of common stock outstanding	39,005		39,005		42,603		42,603		45,586		45,586
Dilutive effect of stock-based compensation	—		—		—		—		—		—
Total average equivalent shares	39,005		39,005		42,603		42,603		45,586		45,586
Per share of common stock:
Net income	$	6.91	$	6.91	$	7.79	$	7.79	$	7.10	$	7.10

No stock options were outstanding at January 30, 2016, January 31, 2015 and February 1, 2014.