NET INCOME PER SHARE
The following table sets forth the calculations of basic and diluted net income per share:
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13 Weeks Ended |
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39 Weeks Ended |
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October 29, |
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October 31, |
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October 29, |
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October 31, |
(in millions, except per share data) |
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2016 |
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2015 |
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2016 |
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2015 |
Basic net income per share: |
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Net income |
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$ |
171.6 |
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$ |
81.9 |
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$ |
574.4 |
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$ |
53.4 |
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Weighted average number of shares outstanding |
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235.8 |
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234.7 |
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235.6 |
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218.4 |
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Basic net income per share |
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$ |
0.73 |
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$ |
0.35 |
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$ |
2.44 |
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$ |
0.24 |
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Diluted net income per share: |
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Net income |
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$ |
171.6 |
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$ |
81.9 |
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$ |
574.4 |
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$ |
53.4 |
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Weighted average number of shares outstanding |
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235.8 |
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234.7 |
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235.6 |
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218.4 |
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Dilutive effect of stock options and restricted stock (as determined by applying the treasury stock method) |
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1.1 |
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1.0 |
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1.1 |
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1.0 |
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Weighted average number of shares and
dilutive potential shares outstanding
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236.9 |
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235.7 |
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236.7 |
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219.4 |
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Diluted net income per share |
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$ |
0.72 |
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$ |
0.35 |
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$ |
2.43 |
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$ |
0.24 |
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For the 13 and 39 weeks ended October 29, 2016 and October 31, 2015, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.
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