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Capital Stock and Earnings (Loss) Per Share | 3 Months Ended
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May 01, 2021
Equity [Abstract] |
Capital Stock and Earnings (Loss) Per Share | Capital Stock and Earnings (Loss) Per Share Capital Stock Prior to the suspension of the Company’s share repurchase program, during the first quarter of fiscal 2021, TJX repurchased and retired 3.2 million shares of its common stock at a cost of $190 million on a “trade date” basis. TJX reflects stock repurchases in its financial statements on a “settlement date” or cash basis. TJX had cash expenditures under repurchase programs of $201 million for the three months ended May 2, 2020. 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 May 1, 2021, 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. Subsequent to the end of the first quarter of fiscal 2022, the Company lifted the temporary suspension of its previously authorized stock repurchase programs. Earnings (Loss) Per Share The following table presents the calculation of basic and diluted earnings (loss) per share for net income (loss):
| Thirteen Weeks Ended |
Amounts in thousands, expect per share amounts | May 1, 2021 | May 2, 2020 |  |
Basic earnings (loss) per share: |  |  |  |
Net income (loss) | $ | 533,930 |  | $ | (887,489) |  |  |
Weighted average common shares outstanding for basic earnings (loss) per share calculation | 1,205,439 |  | 1,197,809 |  |  |
Basic earnings (loss) per share | $ | 0.44 |  | $ | (0.74) |  |  |
Diluted earnings (loss) per share: |  |  |  |
Net income (loss) | $ | 533,930 |  | $ | (887,489) |  |  |
Weighted average common shares outstanding for basic earnings (loss) per share calculations | 1,205,439 |  | 1,197,809 |  |  |
Assumed exercise / vesting of stock options and awards | 16,078 |  | — |  |  |
Weighted average common shares outstanding for diluted earnings (loss) per share calculation | 1,221,517 |  | 1,197,809 |  |  |
Diluted earnings (loss) per share | $ | 0.44 |  | $ | (0.74) |  |  |
Cash dividends declared per share | $ | 0.26 |  | $ | — |  |  |
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 no such options excluded for the thirteen weeks ended May 1, 2021. For the period ended May 2, 2020, as a result of the net loss for the quarter, all options were antidilutive and therefore have been excluded from the calculation. The Board of Directors declared a quarterly dividend of $0.26 per share in the first quarter of fiscal 2022.

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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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