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Earnings per Share
 3 Months Ended
Apr. 29, 2023
Earnings Per Share [Abstract]  
Earnings per Share

5. Earnings per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:

 

 

 

13 Weeks Ended

 

(In thousands)

 

April 29,
2023

 

 

April 30,
2022

 

Numerator:

 

 

 

 

 

 

Net income and numerator for basic EPS

 

$

18,453

 

 

$

31,740

 

Add: Interest expense, net of tax, related to the 2025 Notes (1)

 

 

58

 

 

 

3,369

 

Numerator for diluted EPS

 

$

18,511

 

 

$

35,109

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

194,487

 

 

 

168,460

 

Add: Dilutive effect of the 2025 Notes (1)

 

 

834

 

 

 

48,574

 

Add: Dilutive effect of stock options and non-vested restricted stock

 

 

1,839

 

 

 

2,708

 

Denominator for diluted EPS - adjusted weighted average shares

 

 

197,160

 

 

 

219,742

 

Anti-dilutive shares (2)

 

 

2,072

 

 

 

1,098

 

 

(1)
During the 13 weeks ended April 30, 2022, the Company adopted ASU 2020-06. The Company utilizes the "if-converted" method of calculated diluted EPS. Refer to Note 2 to the Consolidated Financial Statements for additional information regarding the impact of the adoption of ASU 2020-06.
(2)
For both 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.