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Capital Stock and Earnings Per Share | 12 Months Ended
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Jan. 30, 2021
Equity [Abstract] |
Capital Stock and Earnings Per Share | Capital Stock and 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 the Company’s 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 in fiscal 2021, $1.6 billion in fiscal 2020 and $2.4 billion in fiscal 2019 and repurchased 3.4 million shares in fiscal 2021, 28.2 million shares in fiscal 2020 and 50.8 million shares in fiscal 2019. These expenditures were funded by cash generated from operations. As of January 30, 2021 TJX had approximately $3.0 billion available under previously announced stock repurchase programs. All shares repurchased under the stock repurchase programs have been retired. TJX has five million shares of authorized but unissued preferred stock, $1 par value. Earnings Per Share The following table presents the calculation of basic and diluted earnings per share for net income:
| Fiscal Year Ended
Amounts in thousands except per share amounts | January 30, 2021 | February 1, 2020 | February 2, 2019
Basic earnings per share: |
Net income | $ | 90,470 |  | $ | 3,272,193 |  | $ | 3,059,798 |
Weighted average common stock outstanding for basic earnings per share calculation | 1,199,927 |  | 1,208,163 |  | 1,241,153 |
Basic earnings per share | $ | 0.08 |  | $ | 2.71 |  | $ | 2.47 |
Diluted earnings per share: |
Net income | $ | 90,470 |  | $ | 3,272,193 |  | $ | 3,059,798 |
Weighted average common stock outstanding for basic earnings per share calculation | 1,199,927 |  | 1,208,163 |  | 1,241,153 |
Assumed exercise / vesting of: |
Stock options and awards | 14,776 |  | 18,356 |  | 18,099 |
Weighted average common stock outstanding for diluted earnings per share calculation | 1,214,703 |  | 1,226,519 |  | 1,259,252 |
Diluted earnings per share | $ | 0.07 |  | $ | 2.67 |  | $ | 2.43 |
Cash dividends declared per share(a) | $ | 0.26 |  | $ | 0.92 |  | $ | 0.78 |
(a)There were no dividends declared during the first three quarters of fiscal 2021. The Company declared a dividend of $0.26 per share in the fourth quarter of fiscal 2021. The weighted average common shares for the diluted earnings per share calculation exclude 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 periods. Such options are excluded because they would have an antidilutive effect. There were 6.2 million, 11.8 million and 6.1 million such options excluded at the end of fiscal 2021, fiscal 2020 and fiscal 2019, respectively.

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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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