Quarterly report pursuant to Section 13 or 15(d)

Net Income Per Share

v3.22.2.2
Net Income Per Share
 3 Months Ended
Jul. 30, 2022
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 30, July 31, July 30, July 31,
(in millions, except per share data) 2022 2021 2022 2021
Basic net income per share:
Net income $ 359.9  $ 282.4  $ 896.3  $ 656.9 
Weighted average number of shares outstanding 224.2  228.6  224.7  230.9 
Basic net income per share $ 1.61  $ 1.24  $ 3.99  $ 2.84 
Diluted net income per share:
Net income $ 359.9  $ 282.4  $ 896.3  $ 656.9 
Weighted average number of shares outstanding 224.2  228.6  224.7  230.9 
Dilutive effect of stock options and restricted stock (as
   determined by applying the treasury stock method)		 0.8  0.9  1.0  1.1 
Weighted average number of shares and dilutive potential
   shares outstanding		 225.0  229.5  225.7  232.0 
Diluted net income per share $ 1.60  $ 1.23  $ 3.97  $ 2.83 
Stock options and other stock-based awards of 2.3 million shares and 2.8 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended July 30, 2022, respectively, because their inclusion would be anti-dilutive. Stock options and other stock-based awards of less than 0.1 million shares and 0.8 million shares were excluded from the calculation of diluted net income per share for the 13 and 26 weeks ended July 31, 2021, respectively, because their inclusion would be anti-dilutive.