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Note 5. Earnings Per Share Data
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data).
|
|
|
Three Months Ended |
|
|
|
|
April 30, |
|
May 1, |
|
|
|
|
2011 |
|
2010 |
|
|
Basic: |
|
|
|
|
|
|
Net income |
|
$ |
76,677 |
|
$ |
48,834 |
|
|
|
|
|
|
|
|
|
Weighted average shares of common stock outstanding |
|
57,463 |
|
72,295 |
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ |
1.33 |
|
$ |
0.68 |
|
|
|
|
Three Months Ended |
|
|
|
|
April 30, |
|
May 1, |
|
|
|
|
2011 |
|
2010 |
|
|
Diluted: |
|
|
|
|
|
|
Net income |
|
$ |
76,677 |
|
$ |
48,834 |
|
|
|
|
|
|
|
|
|
Weighted average shares of common stock outstanding |
|
57,463 |
|
72,295 |
|
|
Dilutive effect of stock-based compensation |
|
1,069 |
|
— |
|
|
Total weighted average equivalent shares |
|
58,532 |
|
72,295 |
|
|
|
|
|
|
|
|
|
Diluted earnings per share |
|
$ |
1.31 |
|
$ |
0.68 |
|
Total stock options outstanding were 2,985,310 and 4,029,369 at April 30, 2011 and May 1, 2010, respectively. Of these, options to purchase 4,029,369 shares of Class A common stock at prices ranging from $24.73 to $26.57 per share were outstanding at May 1, 2010 but were not included in the computation of diluted earnings per share because the effect of their inclusion would be antidilutive.
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