Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

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Net income per common share
3 Months Ended
May 05, 2018
Net income per common share  
Net income per common share

9.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

 

 

May 5,

 

April 29,

(In thousands, except per share data)

    

2018

    

2017

Numerator for diluted net income per share – net income

    

$

164,396

 

$

128,223

 

 

 

 

 

 

 

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

 

 

60,610

 

 

62,101

Dilutive effect of stock options and non-vested stock

 

 

299

 

 

493

Denominator for diluted net income per share

 

 

60,909

 

 

62,594

 

 

 

 

 

 

 

Net income per common share:

 

 

 

 

 

 

Basic

 

$

2.71

 

$

2.06

Diluted

 

$

2.70

 

$

2.05

The denominator for diluted net income per common share for the 13 weeks ended May 5, 2018 and April 29, 2017 excludes 461 and 163 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.