Quarterly report [Sections 13 or 15(d)]

Net income per common share

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Net income per common share
6 Months Ended
Aug. 02, 2025
Net income per common share  
Net income per common share

12.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

26 Weeks Ended

August 2,

August 3,

August 2,

August 3,

(In thousands, except per share data)

    

2025

    

2024

    

2025

    

2024

Numerator:

Net income

    

$

260,875

$

252,556

$

565,927

$

565,669

Denominator:

Weighted-average common shares – Basic

44,955

47,505

45,158

47,815

Dilutive effect of stock options and non-vested stock

157

162

139

207

Weighted-average common shares – Diluted

45,112

47,667

45,297

48,022

Net income per common share:

Basic

$

5.80

$

5.32

$

12.53

$

11.83

Diluted

$

5.78

$

5.30

$

12.49

$

11.78

The denominator for diluted net income per common share for the 13 weeks ended August 2, 2025 and August 3, 2024 excludes 217 and 184 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 26 weeks ended August 2, 2025 and August 3, 2024 excludes 343 and 195 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.