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Earnings per Share
 3 Months Ended
May 02, 2015
Earnings per Share  
Earnings per Share

 

3.  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

 

 

 

May 2,

 

May 3,

 

 

 

2015

 

2014

 

Numerator

 

 

 

 

 

Total net earnings attributable to common shareholders

 

$
10,369

 

$
16,486

 

Net earnings allocated to participating securities (restricted stock and deferred stock units)

 
(12

)
(65

)

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to common shareholders

 

$
10,357

 

$
16,421

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

Basic weighted-average common shares outstanding

 
48,130

 
47,607

 

Dilutive effect of share-based awards

 
299

 
367

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average common shares outstanding

 
48,429

 
47,974

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per common share attributable to common shareholders:

 

 

 

 

 

Basic

 

$
0.22

 

$
0.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$
0.21

 

$
0.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended May 2, 2015 and May 3, 2014, 0.3 million and 0.1 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share attributable to common shareholders, respectively.