Earnings Per Share

9 Months Ended

Oct. 29, 2017

Earnings per Share

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



	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	October 29, 2017		October 30, 2016		October 29, 2017		October 30, 2016
Net income	$	13,338	$	30,776	$	37,723	$	46,642

Weighted average common shares outstanding - basic	66,194		65,549		65,932		65,331
Dilutive effect of stock options and restricted stock units	1,623		657		1,623		568
Weighted average common shares outstanding - diluted	67,817		66,206		67,555		65,899

Basic earnings per common share	$	0.20	$	0.47	$	0.57	$	0.71
Diluted earnings per common share	$	0.20	$	0.46	$	0.56	$	0.71

Anti-dilutive shares not included in the above calculations	362		989		447		1,498

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.