Earnings Per Share

6 Months Ended

Jul. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income by the diluted weighted average common shares, which reflects the potential dilution of common stock equivalents. The weighted average shares used to calculate basic and diluted EPS are as follows:

	Three Months Ended		Six Months Ended
	July 31, 2010	July 30, 2011	July 31, 2010	July 30, 2011
	(In thousands)
Weighted average shares outstanding for basic EPS	27,527	27,749	27,527	27,686
Dilutive effect of common stock equivalents	300	209	296	258
Weighted average shares outstanding for diluted EPS	27,827	27,958	27,823	27,944

We use the treasury method for calculating the dilutive effect of common stock equivalents. For the second quarter and the first six months ended July 30, 2011, there were no anti-dilutive common stock equivalents. For the second quarter and the first six months ended July 31, 2010, there were 63,600 restricted stock units that were anti-dilutive, which were excluded from the calculation of diluted shares.

On June 17, 2010, our Board of Directors declared a stock split in the form of a 50% stock dividend which was distributed on August 18, 2010 to stockholders of record as of July 30, 2010. All share and per share amounts of common shares included in this Quarterly Report on Form 10-Q have been adjusted to reflect this stock dividend.