Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.10.0.1
Net income per common share
6 Months Ended
Aug. 04, 2018
Net income per common share  
Net income per common share

9.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

 

 

 

August 4,

 

July 29,

 

August 4,

 

July 29,

 

(In thousands, except per share data)

    

2018

    

2017

    

2018

    

2017

 

Numerator for diluted net income per share – net income

    

$

148,323

 

$

114,193

 

$

312,719

 

$

242,416

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

60,070

 

 

61,935

 

 

60,340

 

 

62,018

 

Dilutive effect of stock options and non-vested stock

 

 

305

 

 

444

 

 

290

 

 

465

 

Denominator for diluted net income per share

 

 

60,375

 

 

62,379

 

 

60,630

 

 

62,483

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.47

 

$

1.84

 

$

5.18

 

$

3.91

 

Diluted

 

$

2.46

 

$

1.83

 

$

5.16

 

$

3.88

 

The denominator for diluted net income per common share for the 13 weeks ended August 4, 2018 and July 29, 2017 excludes 285 and 112 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 4, 2018 and July 29, 2017 excludes 378 and 151 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.