Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v2.4.0.8
Earnings per Share
9 Months Ended
Nov. 01, 2014
Earnings per Share  
Earnings per Share

 

3.  Earnings per Share

 

Basic earnings per common share attributable to common shareholders is determined using the two-class method and is computed by dividing net earnings attributable to common shareholders by the weighted-average common shares outstanding during the period.  Diluted earnings per common share attributable to common shareholders reflects the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method.

 

The following table sets forth the computation of basic and diluted earnings per common share attributable to common shareholders (in thousands, except per share amounts). Basic and diluted earnings per common share attributable to common shareholders are computed using the actual net earnings available to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our condensed consolidated statement of earnings and the accompanying notes.  As a result, it may not be possible to recalculate earnings per common share attributable to common shareholders in our condensed consolidated statement of earnings and the accompanying notes.

 

 

 

For the Three Months
Ended

 

For the Nine Months
Ended

 

 

 

November 1,
2014

 

November 2,
2013

 

November 1,
2014

 

November 2,
2013

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Total net earnings attributable to common shareholders

 

$

6,793

 

$

38,204

 

$

35,535

 

$

114,238

 

Net earnings allocated to participating securities (restricted stock and deferred stock units)

 

(14

)

(181

)

(100

)

(659

)

Net earnings attributable to common shareholders

 

$

6,779

 

$

38,023

 

$

35,435

 

$

113,579

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

48,009

 

47,536

 

47,852

 

49,329

 

Dilutive effect of share-based awards

 

245

 

337

 

272

 

269

 

Diluted weighted-average common shares outstanding

 

48,254

 

47,873

 

48,124

 

49,598

 

Net earnings per common share attributable to common shareholders:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.14

 

$

0.80

 

$

0.74

 

$

2.30

 

Diluted

 

$

0.14

 

$

0.79

 

$

0.74

 

$

2.29

 

 

For each of the three and nine months ended November 1, 2014 and November 2, 2013, 0.2 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.