Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

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Earnings per Share
6 Months Ended
Aug. 01, 2015
Earnings per Share  
Earnings per Share

 

3.  Earnings per Share

 

Basic earnings per common share allocated to common shareholders is determined using the two-class method and is computed by dividing net earnings allocated to common shareholders by the weighted-average common shares outstanding during the period.  Diluted earnings per common share reflect 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 allocated to common shareholders (in thousands, except per share amounts). Basic and diluted earnings per common share allocated to common shareholders are computed using the actual net earnings allocated 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 allocated to common shareholders in our condensed consolidated statement of earnings and the accompanying notes.

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

 

August 1,
2015

 

August 2,
2014

 

August 1,
2015

 

August 2,
2014

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

Total net earnings attributable to common shareholders

 

$

47,779

 

$

12,256

 

$

58,148

 

$

28,742

 

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

 

(47

)

(30

)

(64

)

(91

)

Net earnings allocated to common shareholders

 

$

47,732

 

$

12,226

 

$

58,084

 

$

28,651

 

Denominator

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

48,304

 

47,939

 

48,217

 

47,773

 

Dilutive effect of share-based awards

 

240

 

204

 

270

 

286

 

Diluted weighted-average common shares outstanding

 

48,544

 

48,143

 

48,487

 

48,059

 

Net earnings per common share allocated to common shareholders:

 

 

 

 

 

 

 

 

 

Basic

 

$

0.99

 

$

0.26

 

$

1.20

 

$

0.60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

$

0.98

 

$

0.25

 

$

1.20

 

$

0.60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three and six months ended August 1, 2015, 0.1 million and 0.2 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.  For each of the three and six months ended August 2, 2014, 0.1 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share.