Earnings Per Share

6 Months Ended

Jul. 27, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

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

	Three Months Ended				Six Months Ended
(in thousands, except per share amounts)	July 27, 2014		July 28, 2013		July 27, 2014		July 28, 2013
Net income	$	17,898	$	19,112	$	25,765	$	33,889
Weighted average common shares outstanding - basic	67,208		67,614		67,254		67,285
Dilutive effect of options and restricted stock units	642		1,476		634		1,527
Weighted average common shares outstanding - diluted	67,850		69,090		67,888		68,812
Basic earnings per common share	$	0.27	$	0.28	$	0.38	$	0.50
Diluted earnings per common share	$	0.26	$	0.28	$	0.38	$	0.49
Anti-dilutive shares not included in the above calculations	1,463		352		1,427		392

Basic earnings per common share is computed by dividing income available to common stockholders by the weighted-average number of shares of common stock 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.