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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April 29, |
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April 30, |
(in millions, except per share data) |
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2017 |
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2016 |
Basic net income per share: |
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Net income |
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$ |
200.5 |
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$ |
232.7 |
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Weighted average number of shares outstanding |
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236.3 |
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235.3 |
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Basic net income per share |
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$ |
0.85 |
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$ |
0.99 |
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Diluted net income per share: |
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Net income |
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$ |
200.5 |
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$ |
232.7 |
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Weighted average number of shares outstanding |
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236.3 |
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235.3 |
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Dilutive effect of stock options and restricted stock (as determined by
applying the treasury stock method) |
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1.0 |
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1.1 |
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Weighted average number of shares and dilutive potential shares
outstanding |
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237.3 |
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236.4 |
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Diluted net income per share |
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$ |
0.85 |
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$ |
0.98 |
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For the 13 weeks ended April 29, 2017 and April 30, 2016, 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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