Ulta Beauty, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net income (loss) per common share

Net income (loss) per common share

3 Months Ended

May 01, 2021

13.Net income (loss) per common share

The following is a reconciliation of net income (loss) and the number of shares of common stock used in the computation of net income (loss) per basic and diluted common share:


	13 Weeks Ended
	May 1,		May 2,
(In thousands, except per share data)	2021		2020
Numerator:
Net income (loss)	$	230,289	$	(78,509)

Denominator:
Weighted-average common shares – Basic		55,795		56,419
Dilutive effect of stock options and non-vested stock		377		—
Weighted-average common shares – Diluted		56,172		56,419

Net income (loss) per common share:
Basic	$	4.13	$	(1.39)
Diluted	$	4.10	$	(1.39)

The denominator for diluted net income (loss) per common share for the 13 weeks ended May 1, 2021 and May 2, 2020 excludes 262 and 732 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.