Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.20.2
Net Income Per Share
 9 Months Ended
Oct. 31, 2020
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The following table sets forth the calculations of basic and diluted net income per share:
 
 
13 Weeks Ended
 
39 Weeks Ended
 
 
October 31,
 
November 2,
 
October 31,
 
November 2,
(in millions, except per share data)
 
2020
 
2019
 
2020
 
2019
Basic net income per share:
 
 
 
 
 
 
 
 
Net income
 
$
330.0

 
$
255.8

 
$
839.1

 
$
704.0

Weighted average number of shares outstanding
 
236.8

 
236.7

 
237.0

 
237.4

Basic net income per share
 
$
1.39

 
$
1.08

 
$
3.54

 
$
2.97

Diluted net income per share:
 
 
 
 
 
 
 
 
Net income
 
$
330.0

 
$
255.8

 
$
839.1

 
$
704.0

Weighted average number of shares outstanding
 
236.8

 
236.7

 
237.0

 
237.4

Dilutive effect of stock options and restricted stock (as
determined by applying the treasury stock method)
 
1.1

 
0.8

 
0.8

 
0.9

Weighted average number of shares and dilutive potential
shares outstanding
 
237.9

 
237.5

 
237.8

 
238.3

Diluted net income per share
 
$
1.39

 
$
1.08

 
$
3.53

 
$
2.95


For the 13 and 39 weeks ended October 31, 2020 and November 2, 2019, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.