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Capital Stock and (Loss) Earnings Per Share | 6 Months Ended
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Aug. 01, 2020
Equity [Abstract] |
Capital Stock and (Loss) Earnings Per Share | Capital Stock and (Loss) Earnings Per Share Capital Stock In March 2020, in connection with the actions taken related to the COVID-19 pandemic as described in Note B—Impact of the COVID-19 Pandemic, the Company suspended its share repurchase program. During the first quarter of fiscal 2021, prior to the suspension of our share repurchase program, TJX repurchased and retired 3.2 million shares of its common stock at a cost of $190.1 million on a "trade date" basis. All share repurchases occurred during the first quarter of fiscal 2021. TJX reflects stock repurchases in its financial statements on a “settlement date” or cash basis. TJX had cash expenditures under repurchase programs of $201.5 million for the six months ended August 1, 2020, and $699.8 million for the six months ended August 3, 2019. These expenditures were funded by cash generated from operations. In February 2020, the Company announced that its Board of Directors had approved in January 2020 a new stock repurchase program that authorizes the repurchase of up to an additional $1.5 billion of TJX common stock from time to time. In February 2019, TJX announced that its Board of Directors had approved an additional stock repurchase program that authorized the repurchase of up to $1.5 billion of TJX common stock from time to time. As of August 1, 2020, TJX had approximately $3.0 billion available under these previously announced stock repurchase programs. All shares repurchased under the stock repurchase programs have been retired. (Loss) Earnings Per Share The following table presents the calculation of basic and diluted (loss) earnings per share for net (loss) income:
| Thirteen Weeks Ended |  | Twenty-Six Weeks Ended |
Amounts in thousands, expect per share amounts | August 1, 2020 | August 3, 2019 | August 1, 2020 | August 3, 2019
Basic (loss) earnings per share: |  |  |  |
Net (loss) income | $ | (214,220) |  | $ | 758,962 |  | $ | (1,101,709) |  | $ | 1,459,140 |
Weighted average common shares outstanding for basic (loss) earnings per share calculation | 1,198,634 |  | 1,210,525 |  | 1,198,222 |  | 1,212,528 |
Basic (loss) earnings per share | $ | (0.18) |  | $ | 0.63 |  | $ | (0.92) |  | $ | 1.20 |
Diluted (loss) earnings per share: |  |  |  |
Net (loss) income | $ | (214,220) |  | $ | 758,962 |  | $ | (1,101,709) |  | $ | 1,459,140 |
Weighted average common shares outstanding for basic (loss) earnings per share calculations | 1,198,634 |  | 1,210,525 |  | 1,198,222 |  | 1,212,528 |
Assumed exercise / vesting of: |  |  |  |
Stock options and awards | — |  | 18,461 |  | — |  | 18,683 |
Weighted average common shares outstanding for diluted (loss) earnings per share calculation | 1,198,634 |  | 1,228,986 |  | 1,198,222 |  | 1,231,211 |
Diluted (loss) earnings per share | $ | (0.18) |  | $ | 0.62 |  | $ | (0.92) |  | $ | 1.19 |
Cash dividends declared per share | $ | — |  | $ | 0.230 |  | $ | — |  | $ | 0.460 |
For the quarter and six months ended August 1, 2020, as a result of net losses, all options have been excluded from the calculation of diluted earnings per share and therefore there was no difference in the weighted average number of common shares for basic and diluted loss per share as the effect of all potentially dilutive shares outstanding would have been anti-dilutive. In reporting periods with net income, the weighted average common shares for the diluted earnings per share calculation excludes the impact of outstanding stock options if the assumed proceeds per share of the option is in excess of the average price of TJX’s common stock for the related fiscal period. Such options are excluded because they would have an antidilutive effect. There were 5.9 million such options excluded for each of the thirteen weeks and twenty-six weeks ended August 3, 2019.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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