Earnings Per Share

6 Months Ended

Jul. 31, 2011

Earnings Per Share

Earnings Per Share

Note 3: Earnings per Share

The computation of basic and diluted earnings per common share was as follows:

	Three Months Ended				Six Months Ended
(in thousands, except per share amounts)	July 31, 2011		August 1, 2010		July 31, 2011		August 1, 2010
Net income	$	27,138	$	19,662	$	49,720	$	30,464
Weighted average shares outstanding - basic		65,547		61,933		65,050		61,679
Dilutive effect of employee equity incentive plans		2,639		1,619		2,588		1,585
Weighted average shares outstanding - diluted		68,186		63,552		67,638		63,264
Basic earnings per common share	$	0.41	$	0.32	$	0.76	$	0.49
Diluted earnings per common share	$	0.40	$	0.31	$	0.74	$	0.48
Anti-dilutive shares not included in the above calculations		492		3,529		666		3,745

Basic earnings per common share is computed using the weighted-average number of common shares outstanding during the reporting period. Diluted earnings per common share incorporates the incremental shares issuable, calculated using the treasury stock method, upon the assumed exercise of stock options and the vesting of restricted stock.