Quarterly report pursuant to Section 13 or 15(d)

Net income (loss) per common share

v3.21.2
Net income (loss) per common share
6 Months Ended
Jul. 31, 2021
Net income (loss) per common share  
Net income (loss) per common share

13.Net income (loss) per common share

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

13 Weeks Ended

26 Weeks Ended

July 31,

August 1,

July 31,

August 1,

(In thousands, except per share data)

    

2021

    

2020

    

2021

    

2020

Numerator:

Net income (loss)

    

$

250,893

$

8,052

$

481,182

$

(70,457)

Denominator:

Weighted-average common shares – Basic

54,675

56,318

55,235

56,369

Dilutive effect of stock options and non-vested stock

339

179

357

Weighted-average common shares – Diluted

55,014

56,497

55,592

56,369

Net income (loss) per common share:

Basic

$

4.59

$

0.14

$

8.71

$

(1.25)

Diluted

$

4.56

$

0.14

$

8.66

$

(1.25)

The denominator for diluted net income per common share for the 13 weeks ended July 31, 2021 and August 1, 2020 excludes 152 and 553 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. The denominator for diluted net income (loss) per common share for the 26 weeks ended July 31, 2021 and August 1, 2020 excludes 207 and 711 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.