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

9 Months Ended

Oct. 31, 2020

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)	October 31, 2020		November 2, 2019		October 31, 2020		November 2, 2019
Numerator:
Net income (loss) attributable to common shareholders	$	0.9	$	(43.7)	$	(294.4)	$	(106.2)
Denominator:
Weighted average common shares outstanding	52.1		51.8		51.9		51.7
EPS – basic	$	0.02	$	(0.84)	$	(5.67)	$	(2.05)

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)	October 31, 2020		November 2, 2019		October 31, 2020		November 2, 2019
Numerator:
Net income (loss) attributable to common shareholders	$	0.9	$	(43.7)	$	(294.4)	$	(106.2)
Numerator for diluted EPS	$	0.9	$	(43.7)	$	(294.4)	$	(106.2)
Denominator:
Basic weighted average common shares outstanding	52.1		51.8		51.9		51.7
Plus: Dilutive effect of share awards	1.3		—		—		—
Diluted weighted average common shares outstanding	53.4		51.8		51.9		51.7
EPS – diluted	$	0.02	$	(0.84)	$	(5.67)	$	(2.05)

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)	October 31, 2020	November 2, 2019	October 31, 2020	November 2, 2019
Share awards	0.7	1.3	1.6	1.3
Potential impact of preferred shares	7.8	7.4	7.7	7.2
Total anti-dilutive shares	8.5	8.7	9.3	8.5