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Earnings Per Share
 9 Months Ended
Nov. 29, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
Basic earnings per share attributable to The Finish Line, Inc. shareholders is calculated by dividing net income attributable to The Finish Line, Inc. associated with common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings per share attributable to The Finish Line, Inc. shareholders assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and contingently issuable securities if the effect is dilutive, in accordance with the treasury stock method or two-class method (whichever is more dilutive) discussed in Accounting Standards Codification (“ASC”) 260-10, Earnings Per Share.
ASC 260-10 requires the inclusion of restricted stock as participating securities, since they have the right to share in dividends, if declared, equally with common shareholders. During periods of net income, participating securities are allocated a proportional share of net income attributable to The Finish Line, Inc. determined by dividing total weighted average participating securities by the sum of total weighted average common shares and participating securities (“the two-class method”). During periods of net loss, no effect is given to participating securities since they do not share in the losses of the Company. Participating securities have the effect of diluting both basic and diluted earnings per share during periods of net income.
The following is a reconciliation of the numerators and denominators used in computing earnings per share (in thousands, except per share amounts):
 
 
 
Thirteen Weeks Ended
 
Thirty-Nine Weeks Ended
 
 
November 29, 2014
 
November 30, 2013
 
November 29, 2014
 
November 30, 2013
Net income attributable to The Finish Line, Inc.
 
$
2,578

 
$
2,318

 
$
41,170

 
$
33,900

Net income attributable to The Finish Line, Inc. attributable to participating securities
 
32

 
28

 
498

 
405

Net income attributable to The Finish Line, Inc. available to common shareholders
 
$
2,546

 
$
2,290

 
$
40,672

 
$
33,495

Basic earnings per share attributable to The Finish Line, Inc. shareholders:
 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
47,107

 
48,330

 
47,609

 
48,313

Basic earnings per share attributable to The Finish Line, Inc. shareholders
 
$
0.05

 
$
0.05

 
$
0.85

 
$
0.69

Diluted earnings per share attributable to The Finish Line, Inc. shareholders:
 
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
47,107

 
48,330

 
47,609

 
48,313

Dilutive effect of potential common shares(a)
 
371

 
379

 
404

 
420

Diluted weighted-average number of common shares outstanding
 
47,478

 
48,709

 
48,013

 
48,733

Diluted earnings per share attributable to The Finish Line, Inc. shareholders
 
$
0.05

 
$
0.05

 
$
0.85

 
$
0.69

(a)
The computation of diluted earnings per share attributable to The Finish Line, Inc. shareholders excludes options to purchase approximately 0.7 million and 1.0 million shares of common stock in the thirteen weeks ended November 29, 2014 and November 30, 2013, respectively, and 0.6 million and 1.2 million shares of common stock in the thirty-nine weeks ended November 29, 2014 and November 30, 2013, respectively, because the impact of such options would have been anti-dilutive.