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EARNINGS PER SHARE | 9 Months Ended
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Nov. 01, 2020
EARNINGS PER SHARE | 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 November 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 201,772 |  |  |  | 77,487 |  |  | $ | 2.60 |
Effect of dilutive stock-based awards |  |  |  |  |  |  | 1,845 |  |  |  |  |
Diluted |  | $ | 201,772 |  |  |  | 79,332 |  |  | $ | 2.54 |
Thirteen weeks ended November 3, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 74,713 |  |  |  | 77,897 |  |  | $ | 0.96 |
Effect of dilutive stock-based awards |  |  |  |  |  |  | 1,294 |  |  |  |  |
Diluted |  | $ | 74,713 |  |  |  | 79,191 |  |  | $ | 0.94 |
Thirty-nine weeks ended November 1, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 371,759 |  |  |  | 77,511 |  |  | $ | 4.80 |
Effect of dilutive stock-based awards |  |  |  |  |  |  | 1,501 |  |  |  |  |
Diluted |  | $ | 371,759 |  |  |  | 79,012 |  |  | $ | 4.71 |
Thirty-nine weeks ended November 3, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 190,017 |  |  |  | 78,356 |  |  | $ | 2.43 |
Effect of dilutive stock-based awards |  |  |  |  |  |  | 1,109 |  |  |  |  |
Diluted |  | $ | 190,017 |  |  |  | 79,465 |  |  | $ | 2.39 |
Stock-based awards of 229 and 19,295 were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended November 1, 2020, respectively, as their inclusion would be anti-dilutive. Stock-based awards of 2,000 and 28,000 were excluded from the computation of diluted earnings per share for the thirteen and thirty-nine weeks ended November 3, 2019, respectively, as their inclusion would be anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
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