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Earnings per Share (EPS) | 6 Months Ended
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Aug. 02, 2025
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 2, 2025 |  |  | August 3, 2024 |  |  | August 2, 2025 |  |  | August 3, 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net income and numerator for basic EPS |  | $ | 77,633 |  |  | $ | 77,264 |  |  | $ | 12,734 |  |  | $ | 145,014 |
Numerator for diluted EPS |  | $ | 77,633 |  |  | $ | 77,264 |  |  | $ | 12,734 |  |  | $ | 145,014 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS - weighted average shares |  |  | 170,756 |  |  |  | 193,661 |  |  |  | 175,156 |  |  |  | 195,048 |
Add: Dilutive effect of stock options and non-vested restricted stock |  |  | 903 |  |  |  | 4,096 |  |  |  | 1,326 |  |  |  | 4,358 |
Denominator for diluted EPS - adjusted weighted average shares |  |  | 171,659 |  |  |  | 197,757 |  |  |  | 176,482 |  |  |  | 199,406 |
Anti-dilutive shares (1) |  |  | 4,151 |  |  |  | 393 |  |  |  | 3,518 |  |  |  | 350 |
(1) For all periods presented, anti-dilutive shares relate to stock options and unvested restricted stock. Dilutive and anti-dilutive shares related to share-based compensation. Refer to Note 9, Share-Based Payments, to the Consolidated Financial Statements for additional information regarding share-based compensation. On March 14, 2025, the Company entered into an accelerated share repurchase agreement (the "ASR Agreement") with Bank of America, N.A. ("Bank of America"). Pursuant to the terms of the ASR Agreement, on March 17, 2025, the Company made an aggregate payment of $200 million to Bank of America and received an aggregate initial delivery of approximately 14.5 million shares of its common stock. At final settlement on June 16, 2025, the Company received an additional 3.9 million shares. The cumulative repurchases under the ASR agreement totaled 18.4 million shares, in the aggregate, at an average price of $10.86. The aforementioned repurchased 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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