Income Per Share

3 Months Ended

May 04, 2013

Earnings Per Share [Text Block]

Note 9. Income Per Share

Basic income per share is calculated by dividing net income by the weighted average common shares outstanding for the period. Diluted income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock (net of any assumed repurchases) that then shared in the earnings of the Company, if any. It is computed by dividing net income by the sum of the weighted average shares outstanding and additional common shares that would have been outstanding if the dilutive potential common shares had been issued for the Company’s common stock awards from the Company’s Stock Award Plans.

Weighted average shares are calculated as follows:

	Thirteen weeks ended
	May 4, 2013		April 28, 2012
	(in thousands)
Weighted average common shares outstanding – basic		32,287		31,535
Dilutive effect of employee stock options		284		13
Weighted average common shares outstanding–diluted		32,571		31,548
Anti-dilutive stock options		2,396		5,956