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Earnings per Common Share
12 Months Ended
Jan. 31, 2026
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 dilutive weighted average common shares outstanding and basic and diluted earnings per common share are calculated as follows (amounts in thousands except per share amounts):
Fiscal Year Ended
January 31, 2026February 1, 2025February 3, 2024
Net income$376,768 $418,447 $519,190 
Weighted average common shares outstanding - basic66,612 71,343 75,389 
Dilutive effect of Service Restricted Units and Service Restricted Stock Units318 316 327 
Dilutive effect of Performance Restricted Stock Units27 85 165 
Dilutive effect of Service Options945 1,153 1,439 
Dilutive effect of Performance Unit Options79 86 112 
     Dilutive effect of ESPP Shares53 65 37 
Weighted average common shares outstanding - diluted68,034 73,048 77,469 
Earnings per common share - basic$5.66 $5.87 $6.89 
Earnings per common share - diluted$5.54 $5.73 $6.70 
Anti-dilutive stock-based awards excluded from diluted calculation210 126 128