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

9 Months Ended

Nov. 03, 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						39 weeks ended
(in millions, except per share amounts)	November 3, 2018			October 28, 2017			November 3, 2018			October 28, 2017
Numerator:
Net income (loss) attributable to common shareholders	$	(38.1	)	$	(12.1	)	$	(574.1	)	$	143.4
Denominator:
Weighted average common shares outstanding	51.5			60.1			55.7			64.0
EPS – basic	$	(0.74	)	$	(0.20	)	$	(10.31	)	$	2.24

Schedule of Earnings Per Share, Diluted

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

	13 weeks ended						39 weeks ended
(in millions, except per share amounts)	November 3, 2018			October 28, 2017			November 3, 2018			October 28, 2017
Numerator:
Net income (loss) attributable to common shareholders	$	(38.1	)	$	(12.1	)	$	(574.1	)	$	143.4
Numerator for diluted EPS	$	(38.1	)	$	(12.1	)	$	(574.1	)	$	143.4
Denominator:
Weighted average common shares outstanding	51.5			60.1			55.7			64.0
Plus: Dilutive effect of share awards	—			—			—			0.1
Diluted weighted average common shares outstanding	51.5			60.1			55.7			64.1
EPS – diluted	$	(0.74	)	$	(0.20	)	$	(10.31	)	$	2.24

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		39 weeks ended
(in millions)	November 3, 2018	October 28, 2017	November 3, 2018	October 28, 2017
Share awards	0.2	0.3	0.2	0.3
Potential impact of preferred shares	6.9	6.7	6.9	6.7
Total anti-dilutive shares	7.1	7.0	7.1	7.0