Earnings Per Share

3 Months Ended

Apr. 30, 2017

Earnings per Share

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



	Three Months Ended
(in thousands, except per share amounts)	April 30, 2017		May 1, 2016
Net income	$	11,821	$	6,887

Weighted average common shares outstanding - basic	65,839		65,144
Dilutive effect of stock options and restricted stock units	1,537		408
Weighted average common shares outstanding - diluted	67,376		65,552

Basic earnings per common share	$	0.18	$	0.11
Diluted earnings per common share	$	0.18	$	0.11

Anti-dilutive shares not included in the above calculations	686		2,123

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 non-qualified stock options, the vesting of restricted stock units and performance unit awards if the conditions have been met.