| Net Income Per Share The following table sets forth the calculations of basic and diluted net income per share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended |
|
|
| (in millions, except per share data) |
|
April 29, 2023 |
|
April 30, 2022 |
|
|
|
|
| Basic net income per share: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
299.0 |
|
|
$ |
536.4 |
|
|
|
|
|
| Weighted average number of shares outstanding |
|
221.1 |
|
|
225.3 |
|
|
|
|
|
| Basic net income per share |
|
$ |
1.35 |
|
|
$ |
2.38 |
|
|
|
|
|
| Diluted net income per share: |
|
|
|
|
|
|
|
|
| Net income |
|
$ |
299.0 |
|
|
$ |
536.4 |
|
|
|
|
|
| Weighted average number of shares outstanding |
|
221.1 |
|
|
225.3 |
|
|
|
|
|
Dilutive effect of stock options and restricted stock (as
determined by applying the treasury stock method) |
|
0.6 |
|
|
1.1 |
|
|
|
|
|
Weighted average number of shares and dilutive potential
shares outstanding |
|
221.7 |
|
|
226.4 |
|
|
|
|
|
| Diluted net income per share |
|
$ |
1.35 |
|
|
$ |
2.37 |
|
|
|
|
|
Stock options and other stock-based awards of 2.9 million shares and 2.9 million shares were excluded from the calculation of diluted net income per share for the 13 weeks ended April 29, 2023 and April 30, 2022, respectively, because their inclusion would be anti-dilutive.
|