Earnings per share

3 Months Ended

May 02, 2014

Earnings per share

Earnings per share

2. Earnings per share

Earnings per share is computed as follows (in thousands, except per share data):

	13 Weeks Ended May 2, 2014					13 Weeks Ended May 3, 2013
	Net Income		Shares	Per Share Amount		Net Income		Shares	Per Share Amount
Basic earnings per share	$	222,398	309,331	$	0.72	$	220,083	326,975	$	0.67
Effect of dilutive share-based awards			964					1,157
Diluted earnings per share	$	222,398	310,295	$	0.72	$	220,083	328,132	$	0.67

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.

Share-based awards that were outstanding at the end of the respective periods, but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were 1.5 million and 1.2 million in the 2014 and 2013 periods, respectively.