EARNINGS PER SHARE

12 Months Ended

Jan. 31, 2015

Earnings Per Share [Abstract]

Earnings per Share

NOTE 2 - EARNINGS PER SHARE

Basic earnings per share ("EPS") is computed using the weighted average number of common shares outstanding during the measurement period. Diluted EPS is computed using the weighted average number of common shares as well as all potentially dilutive common share equivalents outstanding during the measurement period.

The following tables show the computation of basic and diluted EPS for each period (in thousands, except per share amounts):

	Fiscal Year
	2014			2013			2012
Basic EPS from continuing operations:
Income from continuing operations	$	37,853		$	25,216		$	41,916
Less: Allocation of earnings to participating securities	(503		)	(352		)	(594		)
Net income from continuing operations allocated to common shares	37,350			24,864			41,322
Basic weighted average shares outstanding	31,675			32,034			31,278
Basic EPS from continuing operations	$	1.18		$	0.78		$	1.32
	Fiscal Year
	2014			2013			2012
Diluted EPS from continuing operations:
Income from continuing operations	$	37,853		$	25,216		$	41,916
Less: Allocation of earnings to participating securities	(502		)	(351		)	(590		)
Net income from continuing operations allocated to common shares	37,351			24,865			41,326
Basic weighted average shares outstanding	31,675			32,034			31,278
Add: Dilutive effect of stock awards	88			277			322
Diluted weighted average shares outstanding	31,763			32,311			31,600
Diluted EPS per continuing operations	$	1.18		$	0.77		$	1.31

The number of shares attributable to stock options, SARs and non-vested stock grants that would have been considered dilutive securities, but were excluded from the calculation of diluted EPS because the effect was anti-dilutive were as follows (in thousands):

	Fiscal Year
	2014	2013	2012
Number of anti-dilutive stock options and SARs due to exercise price greater than average market price of our common stock	234	414	329