Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v2.4.0.8
Net income per common share
 9 Months Ended
Nov. 01, 2014
Earnings Per Share [Abstract]  
Net income per common share
7. 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      39 Weeks Ended  
     November 1,      November 2,      November 1,      November 2,  

(In thousands, except per share data)

    2014      2013      2014      2013  
           

Net income

    $ 59,124       $ 45,430       $ 169,871       $ 132,167   
           

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

      64,419         64,061         64,347         63,912   

Dilutive effect of stock options and non-vested stock

      319         477         308         512   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator for diluted net income per share

      64,738         64,538         64,655         64,424   
           

Net income per common share:

            

Basic

    $ 0.92       $ 0.71       $ 2.64       $ 2.07   

Diluted

    $ 0.91       $ 0.70       $ 2.63       $ 2.05   

The denominators for diluted net income per common share for the 13 weeks ended November 1, 2014 and November 2, 2013 exclude 500 and 254 employee stock options, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the 39 weeks ended November 1, 2014 and November 2, 2013 exclude 744 and 669 employee stock options, respectively, due to their anti-dilutive effects.