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EARNINGS PER SHARE | 9 Months Ended
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Oct. 27, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 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 using the treasury stock method. Common stock equivalents consist of shares subject to stock-based awards 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 October 27, 2024 |  |  |  |  |
Basic | $ | 248,953 |  |  | 125,333 |  |  | $ | 1.99 |
Effect of dilutive stock-based awards |  |  | 1,559 |  |  |
Diluted | $ | 248,953 |  |  | 126,892 |  | $ | 1.96 |
Thirteen weeks ended October 29, 2023 |  |  |  |  |
Basic | $ | 237,285 |  |  | 128,285 |  |  | $ | 1.85 |
Effect of dilutive stock-based awards |  |  | 1,264 |  |  |
Diluted | $ | 237,285 |  |  | 129,549 |  | $ | 1.83 |
Thirty-nine weeks ended October 27, 2024 |  |  |  |  |
Basic | $ | 740,364 |  |  | 127,334 |  |  | $ | 5.81 |
Effect of dilutive stock-based awards |  |  | 1,685 |  |  |
Diluted | $ | 740,364 |  |  | 129,019 |  |  | $ | 5.74 |
Thirty-nine weeks ended October 29, 2023 |  |  |  |  |
Basic | $ | 595,323 |  |  | 129,436 |  |  | $ | 4.60 |
Effect of dilutive stock-based awards |  |  | 1,160 |  |  |
Diluted | $ | 595,323 |  |  | 130,596 |  |  | $ | 4.56 |
The effect of anti-dilutive stock-based awards was not material for the thirteen and thirty-nine weeks ended October 27, 2024 and October 29, 2023, respectively.

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