Earnings per Share (Tables)

9 Months Ended

Oct. 29, 2016

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 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		49,552		49,116		49,532		49,072
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		—		—		—
Diluted weighted average common shares outstanding		49,552		49,116		49,532		49,072

(1)

Common stock equivalents of 483 and 402 shares for the third quarter and first nine months ended October 29, 2016, respectively, and common stock equivalents of 700 and 560 shares for the third quarter and first nine months ended October 31, 2015, respectively, were excluded due to a 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 stock options, restricted stock units, restricted or deferred stock had an anti-dilutive effect.

	For the three months ended				For the nine months ended
	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
(in thousands, except exercise prices)
Stock Options (time-vested)		1,232		183		1,232		1,214
Restricted Stock Units (time-vested)		3		—		409		—
Restricted and Deferred Stock		2		—		10		15
Range of exercise prices of such options	$4.49 - $7.52		$5.27 - $7.52		$4.49 - $7.52		$4.96 - $7.52