Earnings per Share (Tables)

6 Months Ended

Jul. 29, 2017

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
	July 29, 2017		July 30, 2016		July 29, 2017		July 30, 2016
(in thousands)
Common Stock Outstanding:
Basic weighted average common shares outstanding		48,556		49,531		49,146		49,522
Common stock equivalents – stock options and restricted stock ⁽¹⁾		—		422		—		380
Diluted weighted average common shares outstanding		48,556		49,953		49,146		49,902

(1)

Common stock equivalents of 345 shares and 166 shares for the three and six months ended July 29, 2017, 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 stock options, restricted stock units, restricted or deferred stock had an anti-dilutive effect.

	For the three months ended				For the six months ended
	July 29, 2017		July 30, 2016		July 29, 2017		July 30, 2016
(in thousands, except exercise prices)
Stock Options (time-vested)		1,377		1,245		1,377		1,245
Restricted Stock Units (time-vested)		1,119		13		1,119		428
Restricted and Deferred Stock		53		7		56		15
Range of exercise prices of such options	$3.16 - $7.52		$4.91 - $7.52		$3.16 - $7.52		$4.91 - $7.52