Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding after giving effect to the potential dilution, if applicable, from the assumed exercise of stock options into shares of common stock as if those stock options were exercised and the assumed lapse of restrictions on restricted stock units.

	Thirteen weeks ended
	May 4,		April 29,
	2024		2023
	(in thousands, except per share amounts)
Net income	$	46,342	$	30,980
Weighted average number of common shares outstanding – Basic		61,380		61,970
Incremental shares from the assumed exercise of outstanding stock options and vesting of restricted stock units		359		237
Weighted average number of common shares outstanding - Diluted		61,739		62,207
Earnings per common share – Basic	$	0.76	$	0.50
Earnings per common share - Diluted	$	0.75	$	0.50

The effect of the weighted average assumed exercise of stock options outstanding totaling 519,736 and 841,519 for the thirteen weeks ended May 4, 2024 and April 29, 2023, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.

The effect of weighted average non-vested restricted stock units outstanding totaling 46 and 26,241 for the thirteen weeks ended May 4, 2024 and April 29, 2023, respectively, were excluded from the calculation of diluted weighted average common shares outstanding because the effect would have been antidilutive.