EARNINGS PER SHARE

6 Months Ended

Aug. 02, 2020

NOTE D. EARNINGS PER SHARE

Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding and common stock equivalents outstanding for the period. Common stock equivalents consist of shares subject to stock-based awards with exercise prices less than or equal to the average market price of our common stock for the period, to the extent their inclusion would be dilutive.

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:


In thousands, except per share amounts	Net Earnings		Weighted Average Shares		Earnings Per Share
Thirteen weeks ended August 2, 2020
Basic	$	134,564		77,783	$	1.73
Effect of dilutive stock-based awards				1,481
Diluted	$	134,564		79,264	$	1.70
Thirteen weeks ended August 4, 2019
Basic	$	62,648		78,488	$	0.80
Effect of dilutive stock-based awards				982
Diluted	$	62,648		79,470	$	0.79
Twenty-six weeks ended August 2, 2020
Basic	$	169,987		77,522	$	2.19
Effect of dilutive stock-based awards				1,319
Diluted	$	169,987		78,841	$	2.16
Twenty-six weeks ended August 4, 2019
Basic	$	115,304		78,586	$	1.47
Effect of dilutive stock-based awards				1,047
Diluted	$	115,304		79,633	$	1.45

Stock-based awards of 1,958 and 4,191 were excluded from the computation of diluted earnings per share for the thirteen and

twenty-six

weeks ended August 2, 2020, respectively, as their inclusion would be anti-dilutive. Stock-based awards of 5,259 and 16,813 were excluded from the computation of diluted earnings per share for the thirteen and

twenty-six

weeks ended August 4, 2019, respectively, as their inclusion would be anti-dilutive.