Earnings per share

12 Months Ended

Feb. 03, 2017

Earnings per share

Earnings per share

3. Earnings per share

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

	2016
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,251,133	281,317	$	4.45
Effect of dilutive share-based awards			944
Diluted earnings per share	$	1,251,133	282,261	$	4.43

	2015
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,165,080	294,330	$	3.96
Effect of dilutive share-based awards			881
Diluted earnings per share	$	1,165,080	295,211	$	3.95

	2014
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,065,345	304,633	$	3.50
Effect of dilutive share-based awards			1,048
Diluted earnings per share	$	1,065,345	305,681	$	3.49

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. 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 options would be antidilutive, were 1.7 million, 1.3 million, and 1.2 million in 2016, 2015 and 2014, respectively.