Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 12 Months Ended
Jan. 30, 2016
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY
Preferred Stock
The Company is authorized to issue 10,000,000 shares of Preferred Stock, $0.01 par value per share. No preferred shares are issued and outstanding at February 3, 2018 and January 28, 2017.
Net Income Per Share
The following table sets forth the calculations of basic and diluted net income per share:
 
 
Year Ended
 
 
February 3,
 
January 28,
 
January 30,
(in millions, except per share data)
 
2018
 
2017
 
2016
Basic net income per share:
 
 
 
 
 
 
Net income
 
$
1,714.3

 
$
896.2

 
$
282.4

Weighted average number of shares outstanding
 
236.8

 
235.7

 
222.5

Basic net income per share
 
$
7.24

 
$
3.80

 
$
1.27

Diluted net income per share:
 
 

 
 

 
 

Net income
 
$
1,714.3

 
$
896.2

 
$
282.4

Weighted average number of shares outstanding
 
236.8

 
235.7

 
222.5

Dilutive effect of stock options and restricted stock (as determined by
applying the treasury stock method)
 
0.9

 
1.1

 
1.0

Weighted average number of shares and dilutive potential shares
outstanding
 
237.7

 
236.8

 
223.5

Diluted net income per share
 
$
7.21

 
$
3.78

 
$
1.26


At February 3, 2018, January 28, 2017 and January 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.
Share Repurchase Programs
The Company repurchases shares on the open market and under Accelerated Share Repurchase agreements. The Company did not repurchase any shares of common stock in fiscal 2017, fiscal 2016 or fiscal 2015. At February 3, 2018, the Company had $1.0 billion remaining under Board repurchase authorization.