Earnings per Share

6 Months Ended

Jul. 30, 2011

Earnings per Share [Abstract]

Earnings per Share

3. Earnings per Share

     We calculate earnings per common share attributable to common shareholders using the two-class method in accordance with the guidance for determination of whether instruments granted in share-based payment transactions are participating securities. Our unvested restricted stock and deferred stock units contain rights to receive nonforfeitable dividends or dividend equivalents, respectively, and thus are participating securities requiring the two-class method of computing earnings per common share attributable to common shareholders. The two-class method is an earnings allocation formula that determines earnings per common share for each class of common stock and participating security according to dividends declared and participation rights in undistributed earnings.

     Basic earnings per common share attributable to common shareholders is determined using the two-class method and is computed by dividing net earnings attributable to common shareholders by the weighted-average common shares outstanding during the period. Diluted earnings per common share attributable to common shareholders reflects the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method.

     The following table sets forth the computation of basic and diluted earnings per common share attributable to common shareholders (in thousands, except per share amounts). Basic and diluted earnings per common share attributable to common shareholders are computed using the actual net earnings available to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our condensed consolidated statement of earnings and the accompanying notes. As a result, it may not be possible to recalculate earnings per common share attributable to common shareholders in our condensed consolidated statement of earnings and the accompanying notes.

	For the Three Months						For the Six Months
	Ended						Ended
	July 30,			July 31,			July 30,			July 31,
	2011			2010			2011			2010
Numerator
Total net earnings attributable to common shareholders	$	57,078		$	42,962		$	84,503		$	56,524
Net earnings allocated to participating securities (restricted stock and deferred stock units)		(711	)		(402	)		(978	)		(521	)
Net earnings attributable to common shareholders	$	56,367		$	42,560		$	83,525		$	56,003
Denominator
Basic weighted average common shares outstanding		51,489			52,648			51,703			52,533
Effect of dilutive securities:
Stock options and equity-based compensation		303			158			291			184
Diluted weighted average common shares outstanding		51,792			52,806			51,994			52,717
Net earnings per common share attributable to common shareholders:
Basic	$	1.09		$	0.81		$	1.62		$	1.07
Diluted	$	1.09		$	0.81		$	1.61		$	1.06

     For the three and six months ended July 30, 2011, 0.3 million and 0.4 million anti-dilutive stock options were excluded from the calculation of diluted earnings per common share, respectively. For the three and six months ended July 31, 2010, 1.0 million and 0.9 million anti-dilutive stock options were excluded from the calculation of diluted earnings per common share, respectively.