Earnings Per Share
 6 Months Ended
Jul. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share
4. Earnings Per Share


The weighted-average shares used to calculate basic and diluted net income per share for the thirteen and twenty-six weeks ended July 31, 2010 have been retroactively adjusted based on the Reorganization (see Note 1).
The following table provides a reconciliation between basic and diluted net income per share:
 
Thirteen Weeks Ended July 30, 2011
 
Thirteen Weeks Ended July 31, 2010
(in thousands, except per share amounts)
Net
Income
 
Weighted
Average
Shares
 
Per
Share
Amount
 
Net
Income
 
Weighted
Average
Shares
 
Per
Share
Amount
Basic EPS
$
12,620


 
88,583


 
$
0.14


 
$
22,114


 
88,254


 
$
0.25


Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Restricted shares, restricted stock units, and stock options
—


 
277


 
—


 
—


 
440


 
—


Diluted EPS
$
12,620


 
88,860


 
$
0.14


 
$
22,114


 
88,694


 
$
0.25


 
Twenty-Six Weeks Ended July 30, 2011
 
Twenty-Six Weeks Ended July 31, 2010
(in thousands, except per share amounts)
Net
Income
 
Weighted
Average
Shares
 
Per
Share
Amount
 
Net
Income
 
Weighted
Average
Shares
 
Per
Share
Amount
Basic EPS
$
47,633


 
88,538


 
$
0.54


 
$
52,675


 
82,362


 
$
0.64


Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Restricted shares, restricted stock units, and stock options
—


 
267


 
—


 
—


 
1,056


 
(0.01
)
Diluted EPS
$
47,633


 
88,805


 
$
0.54


 
$
52,675


 
83,418


 
$
0.63


Stock options and restricted stock units to purchase 2.4 million and 2.3 million shares of common stock were not included in the computation of diluted EPS for the thirteen and twenty-six weeks ended July 30, 2011, respectively, as to do so would have been anti-dilutive. Stock options to purchase 1.3 million shares of common stock were not included in the computation for the thirteen and twenty-six weeks ended July 31, 2010, as to do so would have been anti-dilutive.