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Net Income per Share
 3 Months Ended
May 03, 2014
Net Income per Share

10. NET INCOME PER SHARE

Basic net income per share is computed by dividing net income by the weighted average shares of outstanding common stock. The calculation of diluted net income per share is similar to basic earnings per share except that the denominator includes potentially dilutive common stock. The potentially dilutive common stock included in the Company’s computation of diluted net income per share includes the effects of stock options, stock appreciation rights (“SARS”), and unvested restricted shares as determined using the treasury stock method.

 

The following table sets forth the computation of basic and diluted income per share:

 

     Three Months Ended  
     May 3,      May 4,  
     2014      2013  
     (in thousands, except per
share data)		  

Numerator:

      

Net income

    $ 7,775       $ 11,320   

Denominator:

      

Basic-weighted average shares

      14,782         15,024   

Dilutive effect: equity awards

      228         280   
  

 

 

     

 

 

  

Diluted-weighted average shares

      15,010         15,304   
  

 

 

     

 

 

  

Basic income per share

    $ 0.53       $ 0.75   
  

 

 

     

 

 

  

Diluted income per share

    $ 0.52       $ 0.74   
  

 

 

     

 

 

  

Antidilutive effect:(1)

      1,360         1,171   
  

 

 

     

 

 

  
(1)

Represents weighted average of stock options to purchase shares of common stock, SARS and restricted stock that were not included in computing diluted income per share because their effects were antidilutive for the respective periods.