Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.21.2
Net Income Per Share
 6 Months Ended
Jul. 31, 2021
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 26 Weeks Ended
July 31, August 1, July 31, August 1,
(in millions, except per share data) 2021 2020 2021 2020
Basic net income per share:
Net income $ 282.4  $ 261.5  $ 656.9  $ 509.1 
Weighted average number of shares outstanding 228.6  237.3  230.9  237.1 
Basic net income per share $ 1.24  $ 1.10  $ 2.84  $ 2.15 
Diluted net income per share:
Net income $ 282.4  $ 261.5  $ 656.9  $ 509.1 
Weighted average number of shares outstanding 228.6  237.3  230.9  237.1 
Dilutive effect of stock options and restricted stock (as
   determined by applying the treasury stock method)		 0.9  0.8  1.1  0.7 
Weighted average number of shares and dilutive potential
   shares outstanding		 229.5  238.1  232.0  237.8 
Diluted net income per share $ 1.23  $ 1.10  $ 2.83  $ 2.14 
For the 13 and 26 weeks ended July 31, 2021 and August 1, 2020, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.