Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share

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Net Income Per Common Share
3 Months Ended
Apr. 28, 2012
Net income per common share [Abstract]  
Net income per common share
6. Net income per common share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of net income per basic and diluted share:

 

                 
    13 Weeks Ended  
    April 28, 2012     April 30, 2011  

Net income

  $ 34,868     $ 23,296  
     

Denominator for basic net income per share –weighted-average common shares

    62,496       60,554  

Dilutive effect of stock options and non-vested stock

    1,576       2,204  
   

 

 

   

 

 

 

Denominator for diluted net income per share

    64,072       62,758  
     

Net income per common share:

               

Basic

  $ 0.56     $ 0.38  

Diluted

  $ 0.54     $ 0.37  

The denominators for diluted net income per common share for the 13 weeks ended April 28, 2012 and April 30, 2011 exclude 525 and 189 employee stock options, respectively, due to their anti-dilutive effects.