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

Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

Net income per common share

9 Months Ended

Oct. 29, 2016

7.	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
(In thousands, except per share data)	October 29, 2016		October 31, 2015		October 29, 2016		October 31, 2015
Numerator for diluted net income per share – net income	$	87,562	$	71,070	$	269,542	$	212,185
Denominator for basic net income per share – weighted-average common shares		62,371		63,882		62,625		64,050
Dilutive effect of stock options and non-vested stock		321		314		307		333

Denominator for diluted net income per share		62,692		64,196		62,932		64,383
Net income per common share:
Basic	$	1.40	$	1.11	$	4.30	$	3.31
Diluted	$	1.40	$	1.11	$	4.28	$	3.30

The denominators for diluted net income per common share for the 13 weeks ended October 29, 2016 and October 31, 2015 exclude 21 and 293 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. The denominators for diluted net income per common share for the 39 weeks ended October 29, 2016 and October 31, 2015 exclude 184 and 409 employee stock options and restricted stock, 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.