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Earnings per Common Share
 6 Months Ended
Aug. 02, 2025
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
Basic earnings per common share is calculated based on net income divided by the basic weighted average common shares outstanding during the period, and diluted earnings per common share is calculated based on net income divided by the diluted weighted average common shares outstanding. Diluted weighted average common shares outstanding is based on the basic weighted average common shares outstanding plus any potential dilutive effect of stock-based awards outstanding during the period using the treasury stock method, which assumes the potential proceeds received from the dilutive stock options are used to purchase treasury stock. Anti-dilutive stock-based awards do not include awards which have a performance or liquidity event target which has yet to be achieved.
Basic and diluted weighted average common shares outstanding and basic and diluted earnings per common share are calculated as follows (amounts in thousands except per share amounts):
Thirteen Weeks EndedTwenty-Six Weeks Ended
August 2, 2025August 3, 2024August 2, 2025August 3, 2024
Net income$125,434 $142,588 $171,518 $219,053 
Weighted average common shares outstanding - basic66,539 71,829 66,831 72,911 
Dilutive effect of Service Restricted Units and Service Restricted Stock Units63 135 167 275 
Dilutive effect of Performance Restricted Stock Units and Liquidity Event Restricted Units28 110 29 122 
Dilutive effect of Service Options922 1,080 898 1,221 
Dilutive effect of Performance Unit Options77 84 77 88 
Dilutive effect of ESPP Shares60 51 41 34 
Weighted average common shares outstanding - diluted67,689 73,289 68,043 74,651 
Earnings per common share - basic$1.89 $1.99 $2.57 $3.00 
Earnings per common share - diluted$1.85 $1.95 $2.52 $2.93 
Anti-dilutive stock-based awards excluded from diluted calculation210 129 214 120