Earnings per Share
 3 Months Ended
Apr. 29, 2017
Earnings Per Share [Abstract]  
Earnings per Share
2.
Earnings per Share
 
Basic earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted earnings per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of stock options and restricted stock grants using the treasury stock method. The following table summarizes the potential dilution that could occur if options to acquire common stock were exercised or if the restricted stock grants were fully vested and reconciles the weighted-average common shares outstanding used in the computation of basic and diluted earnings per share.
 
 
 
Thirteen Weeks Ended
 
 
 
April 29, 2017
 
April 30, 2016
 
 
 
(in thousands, except per share data)
 
Numerator:
 
 
 
 
 
 
 
Net income
 
$
4,333
 
$
7,081
 
Denominator:
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
 
 
36,943
 
 
40,279
 
Options and other dilutive securities
 
 
206
 
 
121
 
Weighted-average common shares outstanding - diluted
 
 
37,149
 
 
40,400
 
 
 
 
 
 
 
 
 
Per common share:
 
 
 
 
 
 
 
Basic earnings per common share
 
$
0.12
 
$
0.18
 
Diluted earnings per common share
 
$
0.12
 
$
0.18
 
  
Potentially issuable shares under the Company’s stock-based compensation plans amounting to approximately 0.3 million shares in each of the thirteen weeks ended April 29, 2017 and April 30, 2016 were excluded in the computation of diluted weighted-average common shares outstanding due to their anti-dilutive effect. The Company also excluded contingently issuable performance-based awards totaling 0.4 million and 1.4 million shares in the thirteen weeks ended April 29, 2017 and April 30, 2016, respectively, from the computation of diluted earnings per share because the pre-established goals had not been satisfied as of the end of each period.