| Schedule of calculation of basic and diluted earnings per share |
The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share data):
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13 Weeks Ended
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May 4,
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May 5,
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2019
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2018
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Basic earnings per common share:
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Net income
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$
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37,691
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$
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26,885
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Less income related to unvested restricted shares
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(39)
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(67)
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Income available to common shareholders - Basic
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$
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37,652
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$
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26,818
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Weighted-average common shares outstanding - Basic
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157,749
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181,523
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Basic earnings per common share
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$
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0.24
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$
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0.15
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Diluted earnings per common share:
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Net income
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$
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37,691
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$
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26,885
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Less income related to unvested restricted shares
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(39)
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(66)
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Income available to common shareholders - Diluted
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$
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37,652
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$
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26,819
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Weighted-average common shares outstanding - Basic
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157,749
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181,523
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Effect of dilutive stock options and restricted stock units
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112
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1,129
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Weighted-average common shares outstanding - Diluted
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157,861
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182,652
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Diluted earnings per common share
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$
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0.24
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$
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0.15
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