Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE

v3.2.0.727
NET INCOME (LOSS) PER SHARE
 6 Months Ended
Aug. 01, 2015
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME (LOSS) PER SHARE

The following table sets forth the calculations of basic and diluted net income (loss) per share:
 
 
13 Weeks Ended
 
26 Weeks Ended
 
 
August 1,
 
August 2,
 
August 1,
 
August 2,
(in millions, except per share data)
 
2015
 
2014
 
2015
 
2014
Basic net income (loss) per share:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(98.0
)
 
$
121.5

 
$
(28.5
)
 
$
259.7

Weighted average number of shares
 
 
 
 
 
 
 
 
outstanding
 
214.3

 
205.8

 
210.3

 
206.3

Basic net income (loss) per share
 
$
(0.46
)
 
$
0.59

 
$
(0.14
)
 
$
1.26

Diluted net income (loss) per share:
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(98.0
)
 
$
121.5

 
$
(28.5
)
 
$
259.7

Weighted average number of shares
 
 

 
 

 
 
 
 
outstanding
 
214.3

 
205.8

 
210.3

 
206.3

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

 
0.8

 
—

 
0.9

Weighted average number of shares and
 
 
 
 
 
 
 
 
dilutive potential shares outstanding
 
214.3

 
206.6

 
210.3

 
207.2

Diluted net income (loss) per share
 
$
(0.46
)
 
$
0.59

 
$
(0.14
)
 
$
1.25



For the 13 and 26 weeks ended August 2, 2014, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding. As a result of the net losses for the 13 and 26 weeks ended August 1, 2015, diluted net income (loss) per share excludes the impact of stock options and restricted stock (as determined by applying the treasury stock method) because the effect would be anti-dilutive.