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Computation of Earnings Per Common Share (Tables)
6 Months Ended
Jul. 28, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation
The following table sets forth the computation of basic and diluted earnings per common share (dollars in thousands, except per share amounts):
 
For the Three Months Ended
 
For the Six Months Ended
 
July 28, 2018
 
July 29, 2017
 
July 28, 2018
 
July 29, 2017
Net income available to common stockholders (numerator)
$
29,900

 
$
43,708

 
$
47,131

 
$
82,504

 
 
 
 
 
 
 
 
Weighted-average number of common shares (denominator)
31,206,340

 
31,084,019

 
31,198,349

 
31,220,719

 
 
 
 
 
 
 
 
Basic earnings per common share
$
0.96

 
$
1.41

 
$
1.51

 
$
2.64

 
 
 
 
 
 
 
 
Weighted-average number of common shares
31,206,340

 
31,084,019

 
31,198,349

 
31,220,719

Potential shares of common stock arising from stock options, and unvested restricted share units
627,477

 
580,129

 
615,014

 
566,466

Potential shares of common stock issuable on conversion of 0.75% convertible senior notes due 2021(1)
120,196

 

 
367,597

 

Total shares-diluted (denominator)
31,954,013

 
31,664,148

 
32,180,960

 
31,787,185

 
 
 
 
 
 
 
 
Diluted earnings per common share
$
0.94

 
$
1.38

 
$
1.46

 
$
2.60

 
 
 
 
 
 
 
 
Anti-dilutive weighted shares excluded from the calculation of earnings per common share:
Stock-based awards
50,366

 
85,709

 
54,554

 
90,865

0.75% convertible senior notes due 2021
4,885,538

 
5,005,734

 
4,638,137

 
5,005,734

Warrants
5,005,734

 
5,005,734

 
5,005,734

 
5,005,734

Total
9,941,638

 
10,097,177

 
9,698,425

 
10,102,333



(1) Under the treasury stock method, the convertible senior notes will have a dilutive impact on earnings per common share if the Company’s average stock price for the period exceeds the conversion price for the convertible senior notes of $96.89 per share. The warrants associated with the Company’s convertible senior notes will have a dilutive impact on earnings per common share if the Company’s average stock price for the period exceeds the warrant strike price of $130.43 per share. During the first and second quarters of fiscal 2019, the Company’s average stock price of $110.46 and $99.27, respectively, each exceeded the conversion price for the convertible senior notes. As a result, shares presumed to be issuable under the convertible senior notes that were dilutive during each period are included in the calculation of diluted earnings per share for the three and six months ended July 28, 2018. As the Company’s average stock price did not exceed the strike price for the warrants, the underlying common shares were anti-dilutive as reflected in the table above.