Net Income (Loss) Per Share

3 Months Ended

Apr. 28, 2012

NET INCOME PER SHARE



	Thirteen Weeks Ended
(In thousands, except per share amounts)	April 28, 2012		April 30, 2011
Basic weighted average common shares outstanding	117,080		116,176
Dilutive effect of SARs, stock options, and awards	1,616		1,556
Diluted weighted average common shares and equivalents outstanding	118,696		117,732
Net income used to determine basic and diluted net income per share	$	17,772	$	26,038
SARs and stock options with weighted average exercise price greater than market price, excluded from computation of diluted net income per share:
Number of shares	801		2,803
Weighted average exercise price per share	$	6.27	$	4.93

Our 1.125% Notes will not impact our diluted net income per share until the price of our common stock exceeds the conversion price of $15.379 per share because we expect to settle the principal amount of the 1.125% Notes in cash upon conversion. Our call options are not included in the diluted net income per share calculation as their effect would be anti-dilutive. Should the price of our common stock exceed $21.607 per share we would also include the dilutive effect of the additional potential shares that may be issued related to the warrants, using the treasury stock method. See “Item 8. Financial Statements and Supplementary Data; NOTE 5. LONG-TERM DEBT” of our Annual Report on Form 10-K for the fiscal year ended January 28, 2012 for further information regarding our 1.125% Notes, call options, and warrants.

- Definition

The entire disclosure for earnings per share.

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CHARMING SHOPPES INC 10-Q