Earnings Per Share

9 Months Ended

Nov. 02, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The Company computes and reports both basic earnings per share ("EPS") and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Diluted EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options, and unvested shares of both performance and non-performance based awards of restricted stock.

For the three and nine month periods ended November 2, 2019, approximately 11,800 and 19,100, respectively, weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the periods presented. For the three and nine month periods ended November 3, 2018, approximately 4,800 and 10,000, respectively, weighted average shares were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive for the period presented.

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:

	Three Months Ended						Nine Months Ended
Shares in (000s)	Basic EPS		Effect of dilutive common stock equivalents		Diluted EPS		Basic EPS		Effect of dilutive common stock equivalents		Diluted EPS
November 2, 2019
Shares	356,879		2,420		359,299		359,919		2,536		362,455
Amount	$	1.04	$	(0.01)	$	1.03	$	3.35	$	(0.03)	$	3.32
November 3, 2018
Shares	368,102		2,959		371,061		370,977		2,959		373,936
Amount	$	0.92	$	(0.01)	$	0.91	$	3.09	$	(0.03)	$	3.06