Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
3 Months Ended
May 04, 2019
Earnings Per Share  
Earnings Per Share

 

3.  Earnings Per Share    

 

Basic earnings per common share is computed by dividing net earnings by the weighted-average common shares outstanding during the period.  Diluted earnings per common share is calculated using the treasury stock method.  Basic and diluted earnings per common share are computed using the actual net earnings 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 in our condensed consolidated statement of earnings and the accompanying notes. The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

 

 

May 4,

 

May 5,

 

 

    

2019

    

2018

 

Numerator

 

 

 

 

 

 

 

Net earnings

 

$

7,142

 

$

13,909

 

Denominator

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

50,280

 

 

49,458

 

Dilutive effect of share-based awards

 

 

307

 

 

1,262

 

Diluted weighted-average common shares outstanding

 

 

50,587

 

 

50,720

 

Net earnings per common share:

 

 

 

 

 

 

 

Basic

 

$

0.14

 

$

0.28

 

Diluted

 

$

0.14

 

$

0.27

 

 

For the three months ended May 4, 2019 and May 5, 2018,  2.0 million and 0.4 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.