Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share (Tables)

v3.20.2
Net Income Per Share (Tables)
 6 Months Ended
Aug. 01, 2020
Earnings Per Share [Abstract]  
Schedule of basic and diluted net income per share
The following table sets forth the calculations of basic and diluted net income per share:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
August 1,
 
August 3,
 
August 1,
 
August 3,
(in millions, except per share data)
 
2020
 
2019
 
2020
 
2019
Basic net income per share:
 
 
 
 
 
 
 
 
Net income
 
$
261.5

 
$
180.3

 
$
509.1

 
$
448.2

Weighted average number of shares outstanding
 
237.3

 
237.6

 
237.1

 
237.8

Basic net income per share
 
$
1.10

 
$
0.76

 
$
2.15

 
$
1.88

Diluted net income per share:
 
 
 
 
 
 
 
 
Net income
 
$
261.5

 
$
180.3

 
$
509.1

 
$
448.2

Weighted average number of shares outstanding
 
237.3

 
237.6

 
237.1

 
237.8

Dilutive effect of stock options and restricted stock (as
determined by applying the treasury stock method)
 
0.8

 
0.7

 
0.7

 
0.9

Weighted average number of shares and dilutive potential
shares outstanding
 
238.1

 
238.3

 
237.8

 
238.7

Diluted net income per share
 
$
1.10

 
$
0.76

 
$
2.14

 
$
1.88