Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

v3.10.0.1
Net income per common share
9 Months Ended
Nov. 03, 2018
Net income per common share  
Net income per common share

10.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

 

 

 

November 3,

 

October 28,

 

November 3,

 

October 28,

 

(In thousands, except per share data)

    

2018

    

2017

    

2018

    

2017

 

Numerator for diluted net income per share – net income

    

$

131,166

 

$

104,645

 

$

443,885

 

$

347,061

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

59,724

 

 

61,299

 

 

60,135

 

 

61,778

 

Dilutive effect of stock options and non-vested stock

 

 

338

 

 

331

 

 

297

 

 

420

 

Denominator for diluted net income per share

 

 

60,062

 

 

61,630

 

 

60,432

 

 

62,198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.20

 

$

1.71

 

$

7.38

 

$

5.62

 

Diluted

 

$

2.18

 

$

1.70

 

$

7.35

 

$

5.58

 

The denominator for diluted net income per common share for the 13 weeks ended November 3, 2018 and October 28, 2017 excludes 106 and 259 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 November 3, 2018 and October 28, 2017 excludes 298 and 172 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.