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

12 Months Ended

Jan. 29, 2022

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


(in millions, except per share amounts)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Numerator:
Net income (loss) attributable to common shareholders	$	735.4	$	(48.7)	$	72.6
Denominator:
Weighted average common shares outstanding	52.5		52.0		51.7
EPS – basic	$	14.01	$	(0.94)	$	1.40

Schedule of Earnings Per Share, Diluted

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


(in millions, except per share amounts)	Fiscal 2022		Fiscal 2021		Fiscal 2020
Numerator:
Net income (loss) attributable to common shareholders	$	735.4	$	(48.7)	$	72.6
Add: Dividends on preferred shares	34.5		—		—
Numerator for diluted EPS	$	769.9	$	(48.7)	$	72.6

Denominator:
Weighted average common shares outstanding	52.5		52.0		51.7
Plus: Dilutive effect of share awards(1)	2.5		—		0.1
Plus: Dilutive effect of preferred shares	8.0		—		—
Diluted weighted average common shares outstanding	63.0		52.0		51.8

EPS – diluted	$	12.22	$	(0.94)	$	1.40

(1) For Fiscal 2022, the estimate dilutive effect of share awards includes 2.0 million contingently issuable performance share awards. No such contingently issuable performance share awards were included in the dilutive effect for Fiscal 2021 or Fiscal 2020.

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.


(in millions)	Fiscal 2022	Fiscal 2021	Fiscal 2020
Share awards	—	1.8	0.9
Potential impact of preferred shares	—	7.8	7.6
Potential impact of accelerated share repurchase	0.6	—	—
Total anti-dilutive shares	0.6	9.6	8.5