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Earnings per Share
 3 Months Ended
May 04, 2024
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)

 

May 4, 2024

 

 

April 29, 2023

 

Numerator:

 

 

 

 

 

 

Net income and numerator for basic EPS

 

$

67,752

 

 

$

18,453

 

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

 

 

—

 

 

 

58

 

Numerator for diluted EPS

 

$

67,752

 

 

$

18,511

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

196,429

 

 

 

194,487

 

Add: Dilutive effect of the 2025 Notes (1)

 

 

-

 

 

 

834

 

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

 

 

4,881

 

 

 

1,839

 

Denominator for diluted EPS - adjusted weighted average shares

 

 

201,310

 

 

 

197,160

 

Anti-dilutive shares (2)

 

 

239

 

 

 

2,072

 

 

(1) The Company utilizes the "if-converted" method of calculating diluted EPS, in accordance with ASU 2020-06, Debt with Conversion and Other Options.

 

(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.