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Earnings (loss) per common share (EPS) (Tables) | 6 Months Ended
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Jul. 31, 2021
Earnings Per Share [Abstract] |
Schedule of earnings per share, basic | The computation of basic EPS is outlined in the table below:
| 13 weeks ended |  | 26 weeks ended
(in millions, except per share amounts) | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | 216.0 |  |  | $ | (90.0) |  |  | $ | 345.8 |  |  | $ | (295.3) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 52.7 |  |  | 52.0 |  |  | 52.4 |  |  | 51.9 |
EPS – basic | $ | 4.10 |  |  | $ | (1.73) |  |  | $ | 6.60 |  |  | $ | (5.69) |
Schedule of earnings per share, diluted | The computation of diluted EPS is outlined in the table below:
| 13 weeks ended |  | 26 weeks ended
(in millions, except per share amounts) | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to common shareholders | $ | 216.0 |  | $ | (90.0) |  | $ | 345.8 |  | $ | (295.3)
Add: Dividends on Preferred Shares | 8.6 |  | — |  | 17.2 |  | —
Numerator for diluted EPS | $ | 224.6 |  | $ | (90.0) |  | $ | 363.0 |  | $ | (295.3)
Denominator: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 52.7 |  | 52.0 |  | 52.4 |  | 51.9
Plus: Dilutive effect of share awards | 1.7 |  | — |  | 1.8 |  | —
Plus: Dilutive effect of Preferred Shares | 8.0 |  | — |  | 8.0 |  | —
Diluted weighted average common shares outstanding | 62.4 |  | 52.0 |  | 62.2 |  | 51.9
EPS – diluted | $ | 3.60 |  | $ | (1.73) |  | $ | 5.84 |  | $ | (5.69)
Schedule of antidilutive securities excluded from computation of earnings per share | The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive:
| 13 weeks ended |  | 26 weeks ended
(in millions) | July 31, 2021 |  | August 1, 2020 |  | July 31, 2021 |  | August 1, 2020
Share awards | — |  |  | 1.7 |  |  | — |  |  | 1.4 |
Potential impact of Preferred Shares | — |  |  | 7.7 |  |  | — |  |  | 7.7 |
Total anti-dilutive shares | — |  |  | 9.4 |  |  | — |  |  | 9.1 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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