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Net Income (Loss) Per Share
9 Months Ended
Oct. 29, 2022
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The Company reports both basic net income (loss) per share, which is based on the weighted-average number of shares of common stock outstanding during the period, and diluted net income (loss) per share, which is based on the weighted-average number of shares of common stock outstanding and potentially dilutive shares outstanding during the period.

The computations of basic and diluted net income (loss) per share are presented in the following table (in millions, except per share amounts):
 
 Three Months EndedNine Months Ended
 October 29,
2022
October 30,
2021
October 29,
2022
October 30,
2021
Numerator:
Net income (loss)$13.3 $(62.6)$(148.1)$(427.2)
Denominator:
Weighted-average shares — basic852.6 828.6 850.5 781.0 
Effect of dilutive securities:
Stock-based awards5.8 — — — 
Weighted-average shares — diluted858.4 828.6 850.5 781.0 
Net income (loss) per share:
       Basic$0.02 $(0.08)$(0.17)$(0.55)
       Diluted$0.02 $(0.08)$(0.17)$(0.55)

Potential dilutive securities include dilutive common stock from stock-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Potential dilutive securities include dilutive common stock from stock-based awards attributable to the shares that could be issued upon conversion of the Company’s convertible debt using the if-converted method. Under the treasury stock method and if-converted method, potential common stock outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.

Anti-dilutive potential shares are presented in the following table (in millions):
 
 Three Months EndedNine Months Ended
 October 29,
2022
October 30,
2021
October 29,
2022
October 30,
2021
Weighted-average shares outstanding:
Stock-based awards11.3 17.6 14.1 15.3 
Convertible debt— — — 0.7 
Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the stock-based awards were determined to be anti-dilutive based on applying the treasury stock method. Anti-dilutive potential shares from convertible debt are excluded from the calculation of diluted earnings per share for all periods reported above because the shares that would be issued upon conversion of the Company’s convertible debt were determined to be anti-dilutive based on applying the if-converted method. Anti-dilutive potential shares from stock-based awards are excluded from the calculation of diluted earnings per share for the three months ended October 30, 2021, and the nine months ended October 29, 2022 and October 30, 2021 due to the net losses reported in those periods.