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Net Income Per Share (Tables)
3 Months Ended
May 03, 2025
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income per Share The following table presents the computation of basic and diluted net income per share:

 

 

 

(in thousands, except per share data)

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

May 3,

 

 

May 4,

 

 

 

2025

 

 

2024

 

Basic net income per share

 

 

 

 

 

 

Net income

 

$

100,833

 

 

$

78,514

 

Weighted average number of common shares – basic

 

 

63,088

 

 

 

63,871

 

Net income per common share – basic

 

$

1.60

 

 

$

1.23

 

Diluted net income per share

 

 

 

 

 

 

Net income

 

$

100,833

 

 

$

78,514

 

Shares for basic and diluted net income per share:

 

 

 

 

 

 

Weighted average number of common shares – basic

 

 

63,088

 

 

 

63,871

 

Assumed exercise of stock options and vesting of restricted stock

 

 

660

 

 

 

396

 

Assumed conversion of convertible debt

 

 

257

 

 

 

 

Weighted average number of common shares – diluted

 

 

64,005

 

 

 

64,267

 

Net income per common share – diluted

 

$

1.58

 

 

$

1.22