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 02, 2015
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, except per share data)

    May 2,
2015		      May 3,
2014		  

Numerator for diluted net income per share – net income

    $ 66,946       $ 49,953   

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

      64,180         64,273   

Dilutive effect of stock options and non-vested stock

      375         334   
  

 

 

     

 

 

  

Denominator for diluted net income per share

   64,555      64,607   

Net income per common share:

Basic

 $ 1.04    $ 0.78   

Diluted

 $ 1.04    $ 0.77   

The denominators for diluted net income per common share for the 13 weeks ended May 2, 2015 and May 3, 2014 exclude 200 and 665 employee stock options, respectively, due to their anti-dilutive effects.