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Earnings (loss) per common share ("EPS") (Tables)

12 Months Ended

Jan. 28, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The computation of basic EPS is outlined in the table below:

(in millions, except per share amounts)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Numerator:
Net income (loss) attributable to common shareholders			$	342.2					$	735.4					$	(48.7)
Denominator:
Weighted average common shares outstanding			46.6						52.5						52.0
EPS – basic			$	7.34					$	14.01					$	(0.94)

Schedule of Earnings Per Share, Diluted

The computation of diluted EPS is outlined in the table below:

(in millions, except per share amounts)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Numerator:
Net income (loss) attributable to common shareholders			$	342.2					$	735.4					$	(48.7)
Add: Dividends on preferred shares			34.5						34.5						—
Numerator for diluted EPS			$	376.7					$	769.9					$	(48.7)
Denominator:
Weighted average common shares outstanding			46.6						52.5						52.0
Plus: Dilutive effect of share awards (1)			2.0						2.5						—
Plus: Dilutive effect of preferred shares			8.1						8.0						—
Diluted weighted average common shares outstanding			56.7						63.0						52.0
EPS – diluted			$	6.64					$	12.22					$	(0.94)

(1)    For Fiscal 2023 and Fiscal 2022, the estimated dilutive effect of share awards includes 0.9 million and 2.0 million of contingently issuable PSUs, respectively. No such contingently issuable PSUs were included in the dilutive effect for Fiscal 2021.

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.

(in millions)			Fiscal 2023						Fiscal 2022						Fiscal 2021
Share awards			—						—						1.8
Potential impact of preferred shares			—						—						7.8
Potential impact of accelerated share repurchase			—						0.6						—
Total anti-dilutive shares			—						0.6						9.6

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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.

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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