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
May 03, 2014
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  

(In thousands)

    May 3,
2014		      May 4,
2013		  

Net income

    $ 49,953       $ 41,826   

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

      64,273         63,842   

Dilutive effect of stock options and non-vested stock

      334         653   
  

 

 

     

 

 

  

Denominator for diluted net income per share

      64,607         64,495   

Net income per common share:

      

Basic

    $ 0.78       $ 0.66   

Diluted

    $ 0.77       $ 0.65   

The denominators for diluted net income per common share for the 13 weeks ended May 3, 2014 and May 4, 2013 exclude 665 and 562 employee stock options, respectively, due to their anti-dilutive effects.