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. 29, 2023

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 29,		April 30,
(In thousands, except per share data)	2023		2022
Numerator:
Net income	$	347,051	$	331,395

Denominator:
Weighted-average common shares – Basic		50,153		52,250
Dilutive effect of stock options and non-vested stock		316		332
Weighted-average common shares – Diluted		50,469		52,582

Net income per common share:
Basic	$	6.92	$	6.34
Diluted	$	6.88	$	6.30

The denominator for diluted net income per common share for the 13 weeks ended April 29, 2023 and April 30, 2022 excludes 79 and 143 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.