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Earnings per Share (Tables)
 12 Months Ended
Feb. 01, 2025
Earnings Per Share [Abstract]  
Reconciliation Between Basic and Diluted Weighted Average Shares Outstanding

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

 

 

 

Fiscal Years Ending

 

 

 

February 1,

 

 

February 3,

 

 

January 28,

 

(In thousands)

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income and numerator for basic EPS

 

$

329,380

 

 

$

170,038

 

 

$

125,136

 

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

 

 

—

 

 

 

58

 

 

 

5,474

 

Numerator for diluted EPS

 

$

329,380

 

 

$

170,096

 

 

$

130,610

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

193,056

 

 

 

195,646

 

 

 

181,778

 

Add: Dilutive effect of the 2025 Notes (1)

 

 

—

 

 

 

205

 

 

 

21,507

 

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

 

 

3,356

 

 

 

1,012

 

 

 

1,941

 

Denominator for diluted EPS - adjusted weighted average shares

 

 

196,412

 

 

 

196,863

 

 

 

205,226

 

Anti-dilutive shares (2)

 

 

500

 

 

 

1,289

 

 

 

2,182

 

 

(1)
In Fiscal 2022, the Company adopted ASU 2020-06. The Company utilizes the "if-converted" method of calculating diluted EPS. Refer to Note 2, Summary of Significant Accounting Policies, 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.