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Earnings per Share (Tables)
6 Months Ended
Aug. 01, 2015
Earnings Per Share [Abstract]  
Reconciliation of Number of Shares Outstanding for Basic and Diluted Earnings Per Share

The following table provides a reconciliation of the number of shares outstanding for basic and diluted earnings per share:

 

 

 

For the three months ended

 

 

For the six months ended

 

 

 

August 1, 2015

 

 

August 2, 2014

 

 

August 1, 2015

 

 

August 2, 2014

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock Outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common shares  outstanding

 

 

49,081

 

 

 

48,743

 

 

 

49,050

 

 

 

48,699

 

Common stock equivalents – stock options and restricted stock (1)

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted average common shares outstanding

 

 

49,081

 

 

 

48,743

 

 

 

49,050

 

 

 

48,699

 

 

(1)

Common Stock equivalents of 483 and 520 shares for the three months ended August 1, 2015 and August 2, 2014, respectively, and 508 and 538 for the first six months ended August 1, 2015 and August 2, 2014, respectively, were excluded due to the net loss.

Potential Common Stock Equivalents Excluded from Computation of Diluted Earnings Per Share

The following potential common stock equivalents were excluded from the computation of diluted earnings per share in each period because the exercise price of such options was greater than the average market price per share of common stock for the respective periods or because of the unearned compensation associated with either the stock options or restricted stock.

 

 

 

For the three months ended

 

 

For the six months ended

 

 

 

August 1, 2015

 

 

August 2, 2014

 

 

August 1, 2015

 

 

August 2, 2014

 

(in thousands, except exercise prices)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options (time-vested)

 

 

1,467

 

 

 

1,648

 

 

 

1,461

 

 

 

1,648

 

Restricted Stock (time-vested)

 

 

 

 

 

 

 

 

19

 

 

 

-

 

Range of exercise prices of such options

 

$4.91 - $7.52

 

 

$4.96 -  $7.52

 

 

$4.96 - $7.52

 

 

$4.96 - $7.52