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Earnings Per Common Share (“EPS”) (Tables) | 6 Months Ended
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Jul. 30, 2022
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 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Numerator: |  |  |  |  |  |  |
Net income attributable to common shareholders | $ | 136.8 |  |  | $ | 216.0 |  |  | $ | 44.7 |  |  | $ | 345.8 |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 46.4 |  |  | 52.7 |  |  | 47.6 |  |  | 52.4 |
EPS – basic | $ | 2.95 |  |  | $ | 4.10 |  |  | $ | 0.94 |  |  | $ | 6.60 |
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 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Numerator: |  |  |  |  |  |  |
Net income attributable to common shareholders | $ | 136.8 |  | $ | 216.0 |  | $ | 44.7 |  | $ | 345.8
Add: Dividends on Preferred Shares | 8.6 |  | 8.6 |  | — |  | 17.2
Numerator for diluted EPS | $ | 145.4 |  | $ | 224.6 |  | $ | 44.7 |  | $ | 363.0
Denominator: |  |  |  |  |  |  |
Basic weighted average common shares outstanding | 46.4 |  | 52.7 |  | 47.6 |  | 52.4
Plus: Dilutive effect of share awards | 1.9 |  | 1.7 |  | 2.1 |  | 1.8
Plus: Dilutive effect of preferred shares | 8.0 |  | 8.0 |  | — |  | 8.0
Diluted weighted average common shares outstanding | 56.3 |  | 62.4 |  | 49.7 |  | 62.2
EPS – diluted | $ | 2.58 |  | $ | 3.60 |  | $ | 0.90 |  | $ | 5.84
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 30, 2022 |  | July 31, 2021 |  | July 30, 2022 |  | July 31, 2021
Share awards | — |  |  | — |  |  | 0.1 |  |  | — |
Potential impact of preferred shares | — |  |  | — |  |  | 8.0 |  |  | — |
Total anti-dilutive shares | — |  |  | — |  |  | 8.1 |  |  | — |

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