Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.22.2.2
Net income per common share
6 Months Ended
Jul. 30, 2022
Net income per common share  
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 common share:

13 Weeks Ended

26 Weeks Ended

July 30,

July 31,

July 30,

July 31,

(In thousands, except per share data)

    

2022

    

2021

    

2022

    

2021

Numerator:

Net income

    

$

295,677

$

250,893

$

627,072

$

481,182

Denominator:

Weighted-average common shares – Basic

51,607

54,675

51,928

55,235

Dilutive effect of stock options and non-vested stock

293

339

309

357

Weighted-average common shares – Diluted

51,900

55,014

52,237

55,592

Net income per common share:

Basic

$

5.73

$

4.59

$

12.08

$

8.71

Diluted

$

5.70

$

4.56

$

12.00

$

8.66

The denominator for diluted net income per common share for the 13 weeks ended July 30, 2022 and July 31, 2021 excludes 67 and 152 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 July 30, 2022 and July 31, 2021 excludes

125 and 207 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.