Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.24.3
Net income per common share
9 Months Ended
Nov. 02, 2024
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:

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13 Weeks Ended

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39 Weeks Ended

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November 2,

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October 28,

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November 2,

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October 28,

(In thousands, except per share data)

    

2024

    

2023

    

2024

    

2023

Numerator:

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Net income

    

$

242,179

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$

249,483

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$

807,848

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$

896,636

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Denominator:

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Weighted-average common shares – Basic

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46,928

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49,007

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47,519

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49,592

Dilutive effect of stock options and non-vested stock

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164

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219

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191

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254

Weighted-average common shares – Diluted

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47,092

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49,226

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47,710

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49,846

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Net income per common share:

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Basic

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$

5.16

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$

5.09

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$

17.00

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$

18.08

Diluted

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$

5.14

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$

5.07

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$

16.93

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$

17.99

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The denominator for diluted net income per common share for the 13 weeks ended November 2, 2024 and October 28, 2023 excludes 176 and 124 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, 2024 and October 28, 2023 excludes 206 and 144 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.
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