Earnings (loss) per common share (“EPS”) (Tables)

6 Months Ended

Aug. 04, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The computation of basic EPS is outlined in the table below:

	13 weeks ended					26 weeks ended
(in millions, except per share amounts)	August 4, 2018			July 29, 2017		August 4, 2018			July 29, 2017
Numerator:
Net (loss) income attributable to common shareholders	$	(31.2	)	$	85.2	$	(536.0	)	$	155.5
Denominator:
Weighted average common shares outstanding	56.1			63.8		57.8			65.9
EPS – basic	$	(0.56	)	$	1.34	$	(9.27	)	$	2.36

Schedule of Earnings Per Share, Diluted

The computation of diluted EPS is outlined in the table below:

	13 weeks ended					26 weeks ended
(in millions, except per share amounts)	August 4, 2018			July 29, 2017		August 4, 2018			July 29, 2017
Numerator:
Net (loss) income attributable to common shareholders	$	(31.2	)	$	85.2	$	(536.0	)	$	155.5
Add: Dividends on preferred shares	—			8.2		—			—
Numerator for diluted EPS	$	(31.2	)	$	93.4	$	(536.0	)	$	155.5
Denominator:
Weighted average common shares outstanding	56.1			63.8		57.8			65.9
Plus: Dilutive effect of share awards	—			—		—			0.1
Plus: Dilutive effect of preferred shares	—			6.7		—			—
Diluted weighted average common shares outstanding	56.1			70.5		57.8			66.0
EPS – diluted	$	(0.56	)	$	1.33	$	(9.27	)	$	2.36

Schedule of antidilutive securities excluded from computation of earnings per share

The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive.

	13 weeks ended		26 weeks ended
(in millions)	August 4, 2018	July 29, 2017	August 4, 2018	July 29, 2017
Share awards	0.3	—	0.3	—
Potential impact of preferred shares	6.8	—	6.8	6.7
Total anti-dilutive shares	7.1	—	7.1	6.7