Quarterly report [Sections 13 or 15(d)]

Net income per common share

v3.25.1
Net income per common share
3 Months Ended
May 03, 2025
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

May 3,

May 4,

(In thousands, except per share data)

    

2025

    

2024

Numerator:

Net income

    

$

305,052

$

313,113

Denominator:

Weighted-average common shares – Basic

45,362

48,125

Dilutive effect of stock options and non-vested stock

146

256

Weighted-average common shares – Diluted

45,508

48,381

Net income per common share:

Basic

$

6.72

$

6.51

Diluted

$

6.70

$

6.47

The denominator for diluted net income per common share for the 13 weeks ended May 3, 2025 and May 4, 2024 excludes 354 and 150 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.