Ulta Beauty, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

Net income per common share

3 Months Ended

Apr. 30, 2022

11.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 common share:


	13 Weeks Ended
	April 30,		May 1,
(In thousands, except per share data)	2022		2021
Numerator:
Net income	$	331,395	$	230,289

Denominator:
Weighted-average common shares – Basic		52,250		55,795
Dilutive effect of stock options and non-vested stock		332		377
Weighted-average common shares – Diluted		52,582		56,172

Net income per common share:
Basic	$	6.34	$	4.13
Diluted	$	6.30	$	4.10

The denominator for diluted net income per common share for the 13 weeks ended April 30, 2022 and May 1, 2021 excludes 143 and 262 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.