Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share

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Net Income Per Common Share
 6 Months Ended
Jul. 28, 2012
Net income per common 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     26 Weeks Ended  
    July 28,
2012		     July 30,
2011		     July 28,
2012		     July 30,
2011		  

Net income

   $ 34,998     $ 23,905     $ 69,866     $ 47,201  
         

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

     63,070       61,126       62,782       60,840  

Dilutive effect of stock options and non-vested stock

     1,223       2,115       1,420       2,173  
   

 

 

    

 

 

    

 

 

    

 

 

  

Denominator for diluted net income per share

     64,293       63,241       64,202       63,013  
         

Net income per common share:

                                

Basic

   $ 0.55     $ 0.39     $ 1.11     $ 0.78  

Diluted

   $ 0.54     $ 0.38     $ 1.09     $ 0.75  

The denominators for diluted net income per common share for the 13 weeks ended July 28, 2012 and July 30, 2011 exclude 653 and 124 employee stock options, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the 26 weeks ended July 28, 2012 and July 30, 2011 exclude 653 and 252 employee stock options, respectively, due to their anti-dilutive effects.