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Earnings Per Share
9 Months Ended
Oct. 27, 2012
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
 
Nine Months Ended
 
October 29, 2011
 
October 27, 2012
 
October 29, 2011
 
October 27, 2012
 
(In thousands)
Weighted average shares outstanding for basic EPS
27,828

 
27,933

 
27,733

 
27,883

Dilutive effect of common stock equivalents
144

 
84

 
220

 
122

Weighted average shares outstanding for diluted EPS
27,972

 
28,017

 
27,953

 
28,005



We use the treasury method for calculating the dilutive effect of common stock equivalents. For the third quarter and the first nine months of fiscal years 2011 and 2012, there were no anti-dilutive common stock equivalents.