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Earnings per Share ("EPS")
 6 Months Ended
Aug. 03, 2024
Earnings Per Share [Abstract]  
Earnings per Share ("EPS")

5. Earnings per Share ("EPS")

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

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(In thousands)

 

August 3, 2024

 

 

July 29, 2023

 

 

August 3, 2024

 

 

July 29, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income and numerator for basic EPS

 

$

77,264

 

 

$

48,570

 

 

$

145,014

 

 

$

67,022

 

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

 

 

—

 

 

 

—

 

 

 

—

 

 

 

58

 

Numerator for diluted EPS

 

$

77,264

 

 

$

48,570

 

 

$

145,014

 

 

$

67,080

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

193,661

 

 

 

195,329

 

 

 

195,048

 

 

 

195,214

 

Add: Dilutive effect of the 2025 Notes (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

417

 

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

 

 

4,096

 

 

 

774

 

 

 

4,358

 

 

 

1,191

 

Denominator for diluted EPS - adjusted weighted average shares

 

 

197,757

 

 

 

196,103

 

 

 

199,406

 

 

 

196,822

 

Anti-dilutive shares (2)

 

 

393

 

 

 

509

 

 

 

350

 

 

 

397

 

 

(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.