Earnings per share

6 Months Ended

Aug. 02, 2019

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 August 2, 2019					13 Weeks Ended August 3, 2018
			Weighted					Weighted
	Net		Average	Per Share		Net		Average	Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic earnings per share	$	426,555	257,793	$	1.65	$	407,237	266,457	$	1.53
Effect of dilutive share-based awards			1,309					769
Diluted earnings per share	$	426,555	259,102	$	1.65	$	407,237	267,226	$	1.52

	26 Weeks Ended August 2, 2019					26 Weeks Ended August 3, 2018
			Weighted					Weighted
	Net		Average	Per Share		Net		Average	Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic earnings per share	$	811,568	258,407	$	3.14	$	772,089	267,362	$	2.89
Effect of dilutive share-based awards			1,276					818
Diluted earnings per share	$	811,568	259,683	$	3.13	$	772,089	268,180	$	2.88

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 0.6 million and 0.9 million in the respective 13-week periods, and 0.6 million and 0.9 million in the respective 26-week periods, ended August 2, 2019 and August 3, 2018.