Annual report pursuant to Section 13 and 15(d)

Net income per common share

v3.19.1
Net income per common share
12 Months Ended
Feb. 02, 2019
Net income per common share  
Net income per common share

15.   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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal year ended

 

 

 

February 2,

 

February 3,

 

January 28,

(In thousands, except per share data)

    

 

2019

    

2018

    

2017

Numerator for diluted net income per share – net income

    

 

$

658,559

    

$

555,234

    

$

409,760

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share – weighted-average common shares

 

 

 

59,864

 

 

61,556

 

 

62,519

Dilutive effect of stock options and non-vested stock

 

 

 

317

 

 

419

 

 

332

Denominator for diluted net income per share

 

 

 

60,181

 

 

61,975

 

 

62,851

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

Basic

 

 

$

11.00

 

$

9.02

 

$

6.55

Diluted

 

 

$

10.94

 

$

8.96

 

$

6.52

 

The denominator for diluted net income per common share for fiscal years 2018,  2017 and 2016 excludes 302,  167, and 142 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.