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EARNINGS PER SHARE
 12 Months Ended
Feb. 01, 2014
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 12—EARNINGS PER SHARE

        The following schedule presents the calculation of basic and diluted earnings per share for earnings from continuing operations:

 
    
   Year Ended  
 
   (dollar amounts in thousands, except per share amounts)
   February 1,
2014		   February 2,
2013		   January 28,
2012		  

(a)

  

Earnings from continuing operations before discontinued operations

   $ 7,053   $ 13,155   $ 29,128  

 

  

Loss from discontinued operations, net of tax benefit of $102, $186 and $121

     (188 )   (345 )   (225 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

  

Net earnings

   $ 6,865   $ 12,810   $ 28,903  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

(b)

  

Basic average number of common shares outstanding during period

     53,378     53,225     52,958  

 

  

Common shares assumed issued upon exercise of dilutive stock options, net of assumed repurchase, at the average market price

     585     729     673  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(c)

  

Diluted average number of common shares assumed outstanding during period

     53,963     53,954     53,631  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

 

  

Basic earnings per share:

                    

 

  

Earnings from continuing operations (a/b)

   $ 0.13   $ 0.25   $ 0.55  

 

  

Discontinued operations, net of tax

     —     (0.01 )   (0.01 )
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

  

Basic earnings per share

   $ 0.13   $ 0.24   $ 0.54  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

 

  

Diluted earnings per share:

                    

 

  

Earnings from continuing operations (a/c)

   $ 0.13   $ 0.24   $ 0.54  

 

  

Discontinued operations, net of tax

     —     —     —  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

 

  

Diluted earnings per share

   $ 0.13   $ 0.24   $ 0.54  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   

        Certain stock options were excluded from the calculations of diluted earnings per share because their exercise prices were greater than the average market price of the common shares for the period then ended and therefore would be anti-dilutive. The total number of such shares excluded from the diluted earnings per share calculation was 937,000; 859,000; and 870,000 as of February 1, 2014, February 2, 2013, and January 28, 2012, respectively.