NET INCOME PER COMMON SHARE

6 Months Ended

Jul. 30, 2023

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHAREThe Company computed its basic and diluted net income per common share as follows:

	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(In millions, except per share data)	7/30/23		7/31/22		7/30/23		7/31/22
Net income	$	94.2	$	115.3	$	230.2	$	248.4
Weighted average common shares outstanding for basic net income per common share	62.1		66.6		62.4		67.3
Weighted average impact of dilutive securities	0.6		0.4		0.7		0.6
Total shares for diluted net income per common share	62.7		67.0		63.1		67.9
Basic net income per common share	$	1.52	$	1.73	$	3.69	$	3.69
Diluted net income per common share	$	1.50	$	1.72	$	3.65	$	3.66

Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:

	Thirteen Weeks Ended		Twenty-Six Weeks Ended
(In millions)	7/30/23	7/31/22	7/30/23	7/31/22
Weighted average potentially dilutive securities	0.8	1.8	0.9	1.4

Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable PSU awards outstanding that did not meet the performance conditions as of July 30, 2023 and July 31, 2022 and, therefore, were excluded from the calculation of diluted net income per common share for each applicable period. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.3 million and 0.4 million as of July 30, 2023 and July 31, 2022, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.