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Income Per Common Share
 12 Months Ended
Jan. 28, 2023
Earnings Per Share [Abstract]  
Income Per Common Share Income Per Common Share
Basic income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period. Diluted income per common share amounts are calculated using the weighted-average number of common shares outstanding for the period and include the dilutive impact of exercised stock options as well as assumed vesting of restricted stock awards and shares currently available for purchase under the Company's Employee Stock Purchase Plan, using the treasury stock method. Performance-based restricted stock units are considered contingently issuable shares for diluted income per common share purposes and the dilutive impact, if any, is not included in the weighted-average shares until the performance conditions are met. The dilutive impact, if any, for performance-based restricted stock units, which are subject to market conditions based on the Company's total shareholder return relative to a pre-defined peer group, are included in the weighted average shares.
The following table reconciles net income and the weighted average common shares outstanding used in the computations of basic and diluted income per common share (in thousands, except for share and per share data):
 
Fiscal Year
 202220212020
Numerator:
Net income$261,528 $278,810 $123,361 
Denominator:
Weighted average common shares outstanding - basic55,547,267 55,999,713 55,816,508 
Dilutive impact of options, restricted stock units, and employee stock purchase plan198,012 304,141 243,531 
Weighted average common shares outstanding - diluted55,745,279 56,303,854 56,060,039 
Per common share:
Basic income per common share$4.71 $4.98 $2.21 
Diluted income per common share$4.69 $4.95 $2.20 

The effects of the assumed vesting of restricted stock units outstanding as of January 28, 2023, January 29, 2022 and January 30, 2020 for 72,043, 9,781 and 20,425 shares of common stock, respectively, were excluded from the fiscal 2022, fiscal 2021 and fiscal 2020 calculation of diluted income per common share as their impact would have been anti-dilutive.
The aforementioned excluded shares do not reflect the impact of any incremental repurchases under the treasury stock method.