XML 31 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
12 Months Ended
Jan. 28, 2012
Subsequent Events [Abstract]  
Subsequent Events
Note 13 – Subsequent Events

On March 23, 2012, our Board of Directors authorized a three-for-two stock split of the shares of our common stock, which will be effected in the form of a stock dividend.  The stock split will entitle each shareholder of record at the close of business on April 13, 2012 to receive one additional share of common stock for every two shares of common stock owned as of that date, payable on April 27, 2012.  Upon the completion of the stock split, our outstanding shares will increase from approximately 13.6 million shares to approximately 20.4 million shares.  Our historical share data will be retroactively adjusted upon the completion of the stock split.
 
Earnings per share information is provided below on a pre-stock split and estimated post-stock split pro forma, unaudited basis.

Pre-stock split (in thousands except per share data)
 
2011
  
2010
  
2009
 
           
Numerator
         
Net income available for basic common shares
 $25,828  $26,821  $15,166 
Net income available for diluted common shares
 $25,828  $26,821  $15,166 
              
Denominator
            
Weighted average common shares – basic
  13,016   12,724   12,513 
Weighted average common shares – diluted
  13,129   13,060   12,660 
              
Net income per common share
            
Basic
 $1.98  $2.11  $1.21 
Diluted
 $1.97  $2.05  $1.20 

Post-stock split, unaudited (in thousands except per share data)
 
2011
  
2010
  
2009
 
           
Numerator
         
Net income available for basic common shares
 $25,828  $26,821  $15,166 
Net income available for diluted common shares
 $25,828  $26,821  $15,166 
              
Denominator
            
Weighted average common shares – basic
  19,524   19,086   18,770 
Weighted average common shares – diluted
  19,694   19,590   18,991 
              
Net income per common share
            
Basic
 $1.32  $1.41  $0.81 
Diluted
 $1.31  $1.37  $0.80