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

6 Months Ended

Aug. 01, 2015

7. 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 share:


	13 Weeks Ended				26 Weeks Ended
(In thousands, except per share data)	August 1, 2015		August 2, 2014		August 1, 2015		August 2, 2014
Numerator for diluted net income per share – net income	$	74,169	$	60,794	$	141,115	$	110,747
Denominator for basic net income per share – weighted-average common shares		64,087		64,349		64,134		64,311
Dilutive effect of stock options and non-vested stock		323		287		350		307

Denominator for diluted net income per share		64,410		64,636		64,484		64,618

Net income per common share:
Basic	$	1.16	$	0.94	$	2.20	$	1.72
Diluted	$	1.15	$	0.94	$	2.19	$	1.71

The denominators for diluted net income per common share for the 13 weeks ended August 1, 2015 and August 2, 2014 exclude 119 and 621 employee stock options and restricted stock, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the 26 weeks ended August 1, 2015 and August 2, 2014 exclude 185 and 743 employee stock options and restricted stock, respectively, due to their anti-dilutive effects.