XML 38 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
EARNINGS PER SHARE
 3 Months Ended
May 03, 2014
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 7—EARNINGS PER SHARE

 

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

 

 

 

Thirteen Weeks Ended

 

(dollar amounts in thousands, except per share amounts)

 

May 3,
2014

 

May 4,
2013

 

 

 

 

 

 

 

 

(a)

Earnings from continuing operations

 

$

1,637

 

$

3,928

 

 

 

 

 

 

 

 

 

Loss from discontinued operations, net of tax

 

(29

)

(65

)

 

 

 

 

 

 

 

 

Net earnings

 

$

1,608

 

$

3,863

 

 

 

 

 

 

 

 

(b)

Basic average number of common shares outstanding during period

 

53,470

 

53,388

 

 

 

 

 

 

 

 

 

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

 

539

 

603

 

 

 

 

 

 

 

 

(c)

Diluted average number of common shares assumed outstanding during period

 

54,009

 

53,991

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

Earnings from continuing operations (a/b)

 

$

0.03

 

$

0.07

 

 

Discontinued operations, net of tax

 

—

 

—

 

 

Basic earnings per share

 

$

0.03

 

$

0.07

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

Earnings from continuing operations (a/c)

 

$

0.03

 

$

0.07

 

 

Discontinued operations, net of tax

 

—

 

—

 

 

Diluted earnings per share

 

$

0.03

 

$

0.07

 

 

As of May 3, 2014 and May 4, 2013, respectively, there were 3,501,000 and 2,946,000 outstanding options and restricted stock units. Certain stock options were excluded from the calculation of diluted earnings per share because their exercise prices were greater than the average market price of the common shares for the periods then ended and therefore would be anti-dilutive. The total number of such shares excluded from the diluted earnings per share calculation is 1,255,000 and 1,236,000 for the thirteen weeks ended May 3, 2014 and May 4, 2013, respectively.