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Computation of Earnings Per Common Share (Tables) | 9 Months Ended
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Oct. 30, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share Reconciliation | The following table sets forth the computation of basic and diluted earnings per common share (dollars in thousands, except per share amounts):
| For the Three Months Ended |  | For the Nine Months Ended |
| October 30, 2021 |  | October 24, 2020 |  | October 30, 2021 |  | October 24, 2020 |
Net income available to common stockholders (numerator) | $ | 28,717 |  |  | $ | 33,926 |  |  | $ | 47,780 |  |  | $ | 38,532 |  |
Weighted-average number of common shares (denominator) | 30,172,254 |  |  | 31,878,583 |  |  | 30,426,337 |  |  | 31,744,199 |  |
Basic earnings per common share | $ | 0.95 |  |  | $ | 1.06 |  |  | $ | 1.57 |  |  | $ | 1.21 |  |
Weighted-average number of common shares | 30,172,254 |  |  | 31,878,583 |  |  | 30,426,337 |  |  | 31,744,199 |  |
Potential shares of common stock arising from stock options, and unvested restricted share units | 442,452 |  |  | 546,717 |  |  | 502,553 |  |  | 362,462 |  |
Total shares-diluted (denominator) | 30,614,706 |  |  | 32,425,300 |  |  | 30,928,890 |  |  | 32,106,661 |  |
Diluted earnings per common share | $ | 0.94 |  |  | $ | 1.05 |  |  | $ | 1.54 |  |  | $ | 1.20 |  |
Anti-dilutive weighted shares excluded from the calculation of earnings per common share:
Stock-based awards | 218,525 |  |  | 238,226 |  |  | 89,765 |  |  | 245,633 |  |
0.75% convertible senior notes due 2021(1) (2) | 297,367 |  |  | 601,349 |  |  | 500,017 |  |  | 2,116,093 |  |
Warrants(1) (2) | 601,349 |  |  | 601,349 |  |  | 601,349 |  |  | 2,116,093 |  |
Total | 1,117,241 |  |  | 1,440,924 |  |  | 1,191,131 |  |  | 4,477,819 |  |
(1) The company used the treasury stock method for calculating any potential dilutive impact on earnings per common share if our average stock price for the period exceeded the $96.89 per share conversion price. There was no dilutive impact on earnings per common share during any of the periods presented as our average stock price did not exceed the per share conversion price and the 2021 Convertible Notes (as defined in Note 13) matured on September 15, 2021. The warrants associated with our 2021 Convertible Notes will have a dilutive impact on earnings per common share if our average stock price for the period exceeds the $130.43 per share warrant strike price. As our average stock price did not exceed the strike price for the warrants for any of the periods presented, the underlying common shares were anti-dilutive as reflected in the table above. The warrants will expire in ratable portions on a series of expiration dates commencing on December 15, 2021 and concluding on May 9, 2022. (2) In connection with the offering of the 2021 Convertible Notes, we entered into convertible note hedge transactions with counterparties for the purpose of reducing the potential dilution to common stockholders from the conversion of the 2021 Convertible Notes and offsetting any potential cash payments in excess of the principal amount of the 2021 Convertible Notes. Prior to conversion, the convertible note hedge was not included for purposes of the calculation of earnings per common share as its effect would be anti-dilutive. Upon any conversion, the convertible note hedge was expected to offset the dilutive effect of the 2021 Convertible Notes when the average stock price for the period was above $96.89 per share. The 2021 Convertible Notes matured on September 15, 2021. The convertible note hedge transactions expired on September 13, 2021. See Note 13, Debt, for additional information related to our 2021 Convertible Notes, warrant transactions, and hedge transactions. In connection with the purchase of $401.7 million of the 2021 Convertible Notes in fiscal 2021 and $25.0 million in fiscal 2020, we unwound convertible note hedge transactions and warrants proportionately to the number of 2021 Convertible Notes, resulting in a decrease in the number of excluded weighted shares.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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