Earnings per Share

6 Months Ended

Aug. 03, 2013

Earnings per Share

Earnings per Share

2.  Earnings per Share

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 Ended						For the Six MonthsEnded
	August 3,2013			July 28,2012			August 3, 2013			July 28, 2012
Numerator
Total net earnings attributable to common shareholders	$	42,943		$	59,393		$	76,034		$	86,277
Net earnings allocated to participating securities (restricted stock and deferred stock units)	(139		)	(624		)	(474		)	(1,101		)
Net earnings attributable to common shareholders	$	42,804		$	58,769		$	75,560		$	85,176
Denominator
Basic weighted-average common shares outstanding	49,843			50,711			50,225			50,822
Effect of dilutive securities:
Stock options and equity-based compensation	290			221			235			262
Diluted weighted-average common shares outstanding	50,133			50,932			50,460			51,084
Net earnings per common share attributable to common shareholders:
Basic	$	0.86		$	1.16		$	1.50		$	1.68
Diluted	$	0.85		$	1.15		$	1.50		$	1.67

For the three and six months ended August 3, 2013, 0.2 million and 0.3 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.  For the three and six months ended July 28, 2012, 0.4 million and 0.3 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.