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Earnings Per Share
6 Months Ended
Aug. 02, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
NOTE 8Earnings Per Share

The Company calculates earnings per share ("EPS") under the guidance in ASC 260-10, "Earnings per Share," which clarifies that unvested share-based payment awards that contain nonforfeitable rights to receive dividends or dividend equivalents (whether paid or unpaid) are considered participating securities, and thus, should be factored into the two-class method of computing EPS. Participating securities under this statement include the Company's unvested employee restricted stock awards with time-based vesting, which receive nonforfeitable dividend payments.
 
The calculation of EPS for common stock shown below excludes the income attributable to unvested employee restricted stock awards from the numerator and excludes the dilutive impact of these shares from the denominator.
 
 
Thirteen Weeks Ended
 
Twenty-six Weeks Ended
 
 
August 2, 2014
 
August 3, 2013
 
August 2, 2014
 
August 3, 2013
Numerator (in thousands):
 
 
 
 
 
 
 
 
Net income (loss) attributable to Christopher & Banks Corporation
 
$
3,362

 
$
(265
)
 
$
5,979

 
$
364

Income allocated to participating securities
 
(10
)
 

 
(24
)
 
(1
)
Net income (loss) available to common shareholders
 
$
3,352

 
$
(265
)
 
$
5,955

 
$
363

Denominator (in thousands):
 
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
 
36,591

 
36,215

 
36,442

 
36,219

Dilutive shares
 
1,041

 

 
1,013

 
895

Weighted average common and common equivalent shares outstanding - diluted
 
37,632

 
36,215

 
37,455

 
37,114

Net earnings per common share:
 
 
 
 
 
 
 
 
Basic
 
$
0.09

 
$
(0.01
)
 
$
0.16

 
$
0.01

Diluted
 
$
0.09

 
$
(0.01
)
 
$
0.16

 
$
0.01


 
Total stock options of approximately 0.4 million and 0.5 million were excluded from the shares used in the computation of diluted earnings per share for the thirteen and twenty-six week periods ended August 2, 2014, respectively, as they were anti-dilutive. Total stock options of approximately 3.2 million were excluded from the shares used in the computation of diluted earnings per share for each of the thirteen and twenty-six week periods ended August 3, 2013, as they were anti-dilutive.