Quarterly report pursuant to Section 13 or 15(d)

Net Income per Common Share

v3.8.0.1
Net Income per Common Share
9 Months Ended
Oct. 28, 2017
Net income per common share  
Net income per common share

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

 

39 Weeks Ended

 

 

October 28,

 

October 29,

 

October 28,

 

October 29,

(In thousands, except per share data)

    

2017

    

2016

    

2017

    

2016

Numerator for diluted net income per share – net income

    

$

104,645

 

$

87,562

 

$

347,061

 

$

269,542

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

 

 

61,299

 

 

62,371

 

 

61,778

 

 

62,625

Dilutive effect of stock options and non-vested stock

 

 

331

 

 

321

 

 

420

 

 

307

Denominator for diluted net income per share

 

 

61,630

 

 

62,692

 

 

62,198

 

 

62,932

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.71

 

$

1.40

 

$

5.62

 

$

4.30

Diluted

 

$

1.70

 

$

1.40

 

$

5.58

 

$

4.28

The denominator for diluted net income per common share for the 13 weeks ended October 28, 2017 and October 29, 2016 excludes 259 and 21 employee stock options, respectively, due to their anti-dilutive effects. The denominator for diluted net income per common share for the 39 weeks ended October 28, 2017 and October 29, 2016 excludes 172 and 184 employee stock options, 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.