Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.20.2
Net income per common share
9 Months Ended
Oct. 31, 2020
Net income per common share  
Net income per common share

14.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 31,

November 2,

October 31,

November 2,

(In thousands, except per share data)

    

2020

    

2019

    

2020

    

2019

Numerator:

Net income

    

$

74,798

$

129,747

$

4,341

$

483,226

Denominator:

Weighted-average common shares – Basic

56,327

57,568

56,355

58,123

Dilutive effect of stock options and non-vested stock

219

195

169

273

Weighted-average common shares – Diluted

56,546

57,763

56,524

58,396

Net income per common share:

Basic

$

1.33

$

2.25

$

0.08

$

8.31

Diluted

$

1.32

$

2.25

$

0.08

$

8.27

The denominator for diluted net income per common share for the 13 weeks ended October 31, 2020 and November 2, 2019 excludes 246 and 219 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 39 weeks ended October 31, 2020 and November 2, 2019 excludes 562 and 217 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.