Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

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Net income per common share
 6 Months Ended
Aug. 03, 2013
Earnings Per 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      26 Weeks Ended  
     August 3,      July 28,      August 3,      July 28,  
     2013      2012      2013      2012  

Net income

    $ 44,911       $ 34,998       $ 86,737       $ 69,866   

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

      63,834         63,070         63,838         62,782   

Dilutive effect of stock options and non-vested stock

      497         1,223         524         1,420   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted net income per share

      64,331         64,293         64,362         64,202   

Net income per common share:

            

Basic

    $ 0.70       $ 0.55       $ 1.36       $ 1.11   

Diluted

    $ 0.70       $ 0.54       $ 1.35       $ 1.09   

The denominators for diluted net income per common share for the 13 weeks ended August 3, 2013 and July 28, 2012 exclude 498 and 653 employee stock options, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the 26 weeks ended August 3, 2013 and July 28, 2012 exclude 869 and 653 employee stock options, respectively, due to their anti-dilutive effects.