Earnings per share

12 Months Ended

Jan. 28, 2022

Earnings per share

Earnings per share

2.Earnings per share

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

	2021
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	2,399,232	234,261	$	10.24
Effect of dilutive share-based awards			1,551
Diluted earnings per share	$	2,399,232	235,812	$	10.17

	2020
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	2,655,050	248,171	$	10.70
Effect of dilutive share-based awards			1,905
Diluted earnings per share	$	2,655,050	250,076	$	10.62

	2019
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,712,555	256,553	$	6.68
Effect of dilutive share-based awards			1,500
Diluted earnings per share	$	1,712,555	258,053	$	6.64

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 less than 0.1 million, 0.2 million and 0.3 million in 2021, 2020 and 2019, respectively.