Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v2.4.0.6
Net income per common share
 3 Months Ended
May 04, 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  
     May 4,      April 28,  
     2013      2012  

Net income

    $ 41,826       $ 34,868   

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

      63,842         62,496   

Dilutive effect of stock options and non-vested stock

      653         1,576   
  

 

 

     

 

 

  

Denominator for diluted net income per share

      64,495         64,072   

Net income per common share:

      

Basic

    $ 0.66       $ 0.56   

Diluted

    $ 0.65       $ 0.54   

The denominators for diluted net income per common share for the 13 weeks ended May 4, 2013 and April 28, 2012 exclude 562 and 525 employee stock options, respectively, due to their anti-dilutive effects.