Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Common Share

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Net Income Per Common Share
 9 Months Ended
Oct. 29, 2011
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:

 

                                 
     Three months ended     Nine months ended  
    October 29,
2011		     October 30,
2010		     October 29,
2011		     October 30,
2010		  
   

 

 

    

 

 

  

Net income

   $ 26,768     $ 14,203     $ 73,969     $ 40,926  
         

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

     61,451       59,063       61,044       58,699  

Dilutive effect of stock options and non-vested stock

     1,968       1,994       2,129       2,024  
   

 

 

    

 

 

  

Denominator for diluted net income per share

     63,419       61,057       63,173       60,723  
         

Net income per common share:

                                

Basic

   $ 0.44     $ 0.24     $ 1.21     $ 0.70  

Diluted

   $ 0.42     $ 0.23     $ 1.17     $ 0.67  

 

The denominators for diluted net income per common share for the three months ended October 29, 2011 and October 30, 2010 exclude 595 and 1,339 employee stock options, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the nine months ended October 29, 2011 and October 30, 2010 exclude 703 and 1,655 employee stock options, respectively, due to their anti-dilutive effects.