Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.19.2
Net income per common share
6 Months Ended
Aug. 03, 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

26 Weeks Ended

August 3,

August 4,

August 3,

August 4,

(In thousands, except per share data)

    

2019

    

2018

    

2019

    

2018

Numerator for diluted net income per share – net income

    

$

161,258

$

148,323

$

353,479

$

312,719

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

58,171

60,070

58,401

60,340

Dilutive effect of stock options and non-vested stock

275

305

317

290

Denominator for diluted net income per share

58,446

60,375

58,718

60,630

Net income per common share:

Basic

$

2.77

$

2.47

$

6.05

$

5.18

Diluted

$

2.76

$

2.46

$

6.02

$

5.16

The denominator for diluted net income per common share for the 13 weeks ended August 3, 2019 and August 4, 2018 excludes 101 and 285 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 3, 2019 and August 4, 2018 excludes 164 and 378 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.