Annual report pursuant to Section 13 and 15(d)

Net income per common share

v3.7.0.1
Net income per common share
 12 Months Ended
Jan. 28, 2017
Earnings Per Share [Abstract]  
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 share:

 

     Fiscal year ended  

(In thousands, except per share data)

    January 28,
2017		      January 30,
2016		      January 31,
2015		  

Numerator for diluted net income per share – net income

    $ 409,760      $ 320,008      $ 257,135  

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

      62,519        63,949        64,335  

Dilutive effect of stock options and non-vested stock

      332        326        316  
  

 

 

     

 

 

     

 

 

  

Denominator for diluted net income per share

      62,851        64,275        64,651  

Net income per common share:

         

Basic

    $ 6.55      $ 5.00      $ 4.00  

Diluted

    $ 6.52      $ 4.98      $ 3.98  

The denominator for diluted net income per common share for fiscal years 2016, 2015 and 2014 exclude 142, 370 and 686 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.