Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.19.1
Net income per common share
3 Months Ended
May 04, 2019
Net income per common share  
Net income per common share

13.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

 

 

May 4,

 

May 5,

(In thousands, except per share data)

    

2019

    

2018

Numerator for diluted net income per share – net income

    

$

192,221

 

$

164,396

 

 

 

 

 

 

 

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

 

 

58,631

 

 

60,610

Dilutive effect of stock options and non-vested stock

 

 

362

 

 

299

Denominator for diluted net income per share

 

 

58,993

 

 

60,909

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

3.28

 

$

2.71

Diluted

 

$

3.26

 

$

2.70

The denominator for diluted net income per common share for the 13 weeks ended May 4, 2019 and May 5, 2018 excludes 152 and 461 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.