Earnings Per Share

9 Months Ended

Oct. 29, 2011

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		Nine Months Ended
	October 30, 2010	October 29, 2011	October 30, 2010	October 29, 2011
	(In thousands)
Weighted average shares outstanding for basic EPS	27,534	27,828	27,529	27,733
Dilutive effect of common stock equivalents	315	144	302	220
Weighted average shares outstanding for diluted EPS	27,849	27,972	27,831	27,953

We use the treasury method for calculating the dilutive effect of common stock equivalents. For the third quarter of fiscal year 2010 and for the third quarter and the first nine months of fiscal year 2011, there were no anti-dilutive common stock equivalents. For the first nine months of fiscal year 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.