Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.4.0.3
Net income per common share
3 Months Ended
Apr. 30, 2016
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  
     April 30,      May 2,  

(In thousands, except per share data)

   2016      2015  

Numerator for diluted net income per share – net income

   $ 91,976       $ 66,946   

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

     63,031         64,180   

Dilutive effect of stock options and non-vested stock

     304         375   
  

 

 

    

 

 

 

Denominator for diluted net income per share

     63,335         64,555   

Net income per common share:

     

Basic

   $ 1.46       $ 1.04   

Diluted

   $ 1.45       $ 1.04   

The denominators for diluted net income per common share for the 13 weeks ended April 30, 2016 and May 2, 2015 exclude 386 and 200 employee stock options, respectively, due to their anti-dilutive effects. As of April 30, 2016, outstanding performance-based restricted stock units were excluded from the computation of diluted shares because the number of shares ultimately issued is contingent on the achievement of certain performance targets of the Company for which the performance targets have not yet been met.