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Earnings Per Common Share | 6 Months Ended
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Jul. 31, 2021
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings Per Common Share Basic earnings per common share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share is computed based on the weighted average number of shares of common stock outstanding, plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include shares the Company could be obligated to issue from its Convertible Senior Notes and warrants, and stock-based awards, such as stock options and restricted stock. Dilutive potential common shares are excluded from the computation of earnings per share if their effect is anti-dilutive. The computations for basic and diluted earnings per common share were as follows for the periods presented (in thousands, except per share data)
|  | 13 Weeks Ended |  | 26 Weeks Ended
|  | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Net income |  | $ | 495,509 |  |  | $ | 276,843 |  |  | $ | 857,265 |  |  | $ | 133,421 |
Weighted average common shares outstanding - basic |  | 84,512 |  |  | 84,130 |  |  | 84,631 |  |  | 83,932 |
Dilutive effect of stock-based awards |  | 6,297 |  |  | 3,577 |  |  | 6,352 |  |  | 2,868 |
Dilutive effect of Convertible Senior Notes and warrants |  | 18,462 |  |  | 1,119 |  |  | 16,658 |  |  | 560 |
Weighted average common shares outstanding - diluted |  | 109,271 |  |  | 88,826 |  |  | 107,641 |  |  | 87,360 |
Earnings per common share - basic |  | $ | 5.86 |  |  | $ | 3.29 |  |  | $ | 10.13 |  |  | $ | 1.59 |
Earnings per common share - diluted |  | $ | 4.53 |  |  | $ | 3.12 |  |  | $ | 7.96 |  |  | $ | 1.53 |
Stock-based awards excluded from diluted shares |  | 2 |  |  | 2,796 |  |  | 82 |  |  | 3,090 |
For the 13 weeks and 26 weeks ended July 31, 2021, the dilutive effect of the Convertible Senior Notes includes approximately 10.7 million and 9.9 million shares, respectively, that are designed to be offset at settlement by shares delivered from the bond hedge purchased by the Company. The shares provided by the bond hedge are anti-dilutive; accordingly, they are not treated as a reduction to diluted weighted average shares outstanding for any periods presented.

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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=124432515&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=124432515&loc=d3e3630-109257 + Details
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