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Earnings per Share | 9 Months Ended
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Oct. 29, 2022
Earnings Per Share [Abstract] |
Earnings per Share | 5. Earnings per Share The following is a reconciliation between the amounts used in the calculation of basic and diluted earnings per share:
| 13 Weeks Ended |  |  | 39 Weeks Ended |
(In thousands) | October 29, 2022 |  |  | October 30, 2021 |  |  | October 29, 2022 |  |  | October 30, 2021 |
Numerator: |  |  |  |  |  |  |  |  |  |  |
Net income and numerator for basic EPS | $ | 81,272 |  |  | $ | 152,224 |  |  | $ | 70,547 |  |  | $ | 369,201 |
Add: Interest expense, net of tax, related to the 2025 Notes (1) |  | 529 |  |  |  | — |  |  |  | 4,897 |  |  |  | — |
Numerator for diluted EPS | $ | 81,801 |  |  | $ | 152,224 |  |  | $ | 75,444 |  |  | $ | 369,201 |
Denominator: |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS - weighted average shares |  | 186,305 |  |  |  | 167,637 |  |  |  | 178,637 |  |  |  | 168,062 |
Add: Dilutive effect of the 2025 Notes (1) |  | 8,418 |  |  |  | 33,687 |  |  |  | 27,280 |  |  |  | 34,616 |
Add: Dilutive effect of stock options and non-vested restricted stock |  | 1,053 |  |  |  | 3,689 |  |  |  | 1,582 |  |  |  | 4,354 |
Denominator for diluted EPS - adjusted weighted average shares |  | 195,776 |  |  |  | 205,013 |  |  |  | 207,499 |  |  |  | 207,032 |
Anti-dilutive shares (2) |  | 4,221 |  |  |  | 286 |  |  |  | 2,390 |  |  |  | 172 |
(1) During the 39 weeks ended October 29, 2022, the Company adopted ASU 2020-06 under the modified retrospective method, which requires the Company to utilize the "if-converted" method of calculated diluted EPS. Accordingly, we did not restate financial information for the 39 weeks ended October 30, 2021. Refer to Note 2 to the Consolidated Financial Statements for additional information regarding the impact of the adoption of ASU 2020-06. (2) For all periods presented, anti-dilutive shares relate to stock options and unvested restricted stock. Refer to Notes 8 and 9 to the Consolidated Financial Statements for additional information regarding the 2025 Notes and share-based compensation, respectively. On June 3, 2022, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with JPMorgan Chase Bank (“JPM”). Pursuant to the terms of the ASR Agreement, on June 3, 2022, the Company paid $200.0 million in cash and received an initial delivery of 13.4 million shares of its common stock on June 3, 2022. At final settlement, on July 28, 2022, an additional 3.7 million shares were received. The cumulative repurchase under the ASR Agreement was 17.0 million shares repurchased at an average price per share of $11.75. The aforementioned shares have been recorded as treasury stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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