Net Income Per Share

3 Months Ended

Apr. 28, 2012

Net Income Per Share [Abstract]

Net Income Per Share

Note 2 - Net Income Per Share

The following table sets forth the computation of basic and diluted earnings per share as shown on the face of the accompanying Condensed Consolidated Statements of Income:

(In thousands except per share data)	Thirteen Weeks Ended April 28, 2012		Thirteen Weeks Ended April 30, 2011
Numerator
Net income	$	11,020	$	9,919
Less amount allocable to participating securities		198		0
Net income available for basic common shares		10,822		9,919
Adjustment for dilutive potential common shares		0		0
Net income available for diluted common shares	$	10,822	$	9,919
Denominator
Weighted average common shares - basic		19,880		19,309
Adjustment for dilutive potential common shares		91		481
Weighted average common shares - diluted		19,971		19,790
Net income per common share
Basic	$	0.54	$	0.51
Diluted	$	0.54	$	0.50

Our basic and diluted earnings per share are computed using the two-class method.  The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to participation rights in undistributed earnings. Non-vested stock awards that include non-forfeitable rights to dividends are considered participating securities.  Per share amounts are computed by dividing net income available to common shareholders by the weighted average shares outstanding during each period.  No options to purchase shares of common stock were excluded in the computation of diluted shares for the periods presented.