Earnings per Share (Tables)

9 Months Ended

Oct. 31, 2015

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 nine months ended
	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		49,116		48,773		49,072		48,724
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		—		—		—
Diluted weighted average common shares outstanding		49,116		48,773		49,072		48,724

(1)

Common Stock equivalents of 700 and 558 shares for the three months ended October 31, 2015 and November 1, 2014, respectively, and 560 and 534 for the first nine months ended October 31, 2015 and November 1, 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 nine months ended
	October 31, 2015		November 1, 2014		October 31, 2015		November 1, 2014
(in thousands, except exercise prices)
Stock Options (time-vested)		183		1,522		1,214		1,480
Restricted Stock (time-vested)		—		—		15		-
Range of exercise prices of such options	$5.27 - $7.52		$4.96 - $7.52		$4.96 - $7.52		$4.96 - $7.52