Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.19.3
Net income per common share
9 Months Ended
Nov. 02, 2019
Net income per common share  
Net income per common share

13.Net income per common share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of net income per basic and diluted share:

13 Weeks Ended

39 Weeks Ended

November 2,

November 3,

November 2,

November 3,

(In thousands, except per share data)

    

2019

    

2018

    

2019

    

2018

Numerator for diluted net income per share – net income

    

$

129,747

$

131,166

$

483,226

$

443,885

Denominator for basic net income per share – weighted-average common shares

57,568

59,724

58,123

60,135

Dilutive effect of stock options and non-vested stock

195

338

273

297

Denominator for diluted net income per share

57,763

60,062

58,396

60,432

Net income per common share:

Basic

$

2.25

$

2.20

$

8.31

$

7.38

Diluted

$

2.25

$

2.18

$

8.27

$

7.35

The denominator for diluted net income per common share for the 13 weeks ended November 2, 2019 and November 3, 2018 excludes 219 and 106 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. The denominator for diluted net income per common share for the 39 weeks ended November 2, 2019 and November 3, 2018 excludes 217 and 298 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. Outstanding performance-based restricted stock units are included in the computation of dilutive shares only to the extent that the underlying performance conditions are satisfied prior to the end

of the reporting period or would be considered satisfied if the end of the reporting period were the end of the related contingency period and the results would be dilutive under the treasury stock method.