Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.22.2.2
Net income per common share
9 Months Ended
Oct. 29, 2022
Net income per common share  
Net income per common share

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

39 Weeks Ended

October 29,

October 30,

October 29,

October 30,

(In thousands, except per share data)

    

2022

    

2021

    

2022

    

2021

Numerator:

Net income

    

$

274,585

$

215,289

$

901,657

$

696,471

Denominator:

Weighted-average common shares – Basic

51,131

54,291

51,663

54,921

Dilutive effect of stock options and non-vested stock

287

369

299

359

Weighted-average common shares – Diluted

51,418

54,660

51,962

55,280

Net income per common share:

Basic

$

5.37

$

3.97

$

17.45

$

12.68

Diluted

$

5.34

$

3.94

$

17.35

$

12.60

The denominator for diluted net income per common share for the 13 weeks ended October 29, 2022 and October 30, 2021 excludes 50 and 144 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 October 29, 2022 and October 30, 2021 excludes 119 and 173 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.