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Net Income Per Share (Tables)
 12 Months Ended
Feb. 01, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted per Common Share

Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding. Dilutive net income per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method.

 

 

 

(in thousands, except per share data)

 

 

 

Fiscal Year Ended

 

 

 

 

 

 

 

 

 

 

 

February 3,

 

 

 

February 1,

 

 

February 2,

 

 

2018

 

 

 

2020

 

 

2019

 

 

(53 Weeks)

 

Basic net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

465,116

 

 

$

414,745

 

 

$

384,852

 

Weighted average number of common shares – basic

 

 

65,943

 

 

 

66,812

 

 

 

68,286

 

Net income per common share – basic

 

$

7.05

 

 

$

6.21

 

 

$

5.64

 

Diluted net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

465,116

 

 

$

414,745

 

 

$

384,852

 

Shares for basic and diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares – basic

 

 

65,943

 

 

 

66,812

 

 

 

68,286

 

Assumed exercise of stock options and vesting of restricted stock

 

 

1,350

 

 

 

1,867

 

 

 

2,002

 

Weighted average number of common shares – diluted

 

 

67,293

 

 

 

68,679

 

 

 

70,288

 

Net income per common share – diluted

 

$

6.91

 

 

$

6.04

 

 

$

5.48