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NET INCOME (LOSS) PER COMMON SHARE | 9 Months Ended
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Oct. 29, 2023
Earnings Per Share [Abstract] |
NET INCOME (LOSS) PER COMMON SHARE | NET INCOME (LOSS) PER COMMON SHARE The Company computed its basic and diluted net income (loss) per common share as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
(In millions, except per share data) | 10/29/23 |  | 10/30/22 |  | 10/29/23 |  | 10/30/22
Net income (loss) | $ | 161.6 |  |  | $ | (186.7) |  |  | $ | 391.8 |  |  | $ | 61.7 |
Weighted average common shares outstanding for basic net income (loss) per common share | 60.3 |  |  | 64.8 |  |  | 61.7 |  |  | 66.5 |
Weighted average impact of dilutive securities | 0.5 |  |  | — |  |  | 0.6 |  |  | 0.5 |
Total shares for diluted net income (loss) per common share | 60.8 |  |  | 64.8 |  |  | 62.3 |  |  | 67.0 |
Basic net income (loss) per common share | $ | 2.68 |  |  | $ | (2.88) |  |  | $ | 6.35 |  |  | $ | 0.93 |
Diluted net income (loss) per common share | $ | 2.66 |  |  | $ | (2.88) |  |  | $ | 6.29 |  |  | $ | 0.92 |
Potentially dilutive securities excluded from the calculation of diluted net income (loss) per common share as the effect would be anti-dilutive were as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
(In millions) | 10/29/23 |  | 10/30/22 |  | 10/29/23 |  | 10/30/22
Weighted average potentially dilutive securities | 1.1 |  |  | 2.2 |  |  | 1.0 |  |  | 1.5 |
Diluted net loss per common share for the thirteen weeks ended October 30, 2022 excluded all potentially dilutive securities because there was a net loss for the period and, as such, the inclusion of these securities would have been anti-dilutive. Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income (loss) per common share for that period. The Company had contingently issuable PSU awards outstanding that did not meet the performance conditions as of October 29, 2023 and October 30, 2022 and, therefore, were excluded from the calculation of diluted net income (loss) per common share for each applicable period. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.3 million and 0.4 million as of October 29, 2023 and October 30, 2022, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.

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