Earnings Per Common Share (“EPS”) (Tables)

9 Months Ended

Oct. 29, 2022

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 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Numerator:
Net income attributable to common shareholders	$	28.8	$	83.9	$	73.5	$	429.7
Denominator:
Weighted average common shares outstanding	46.1		52.9		47.1		52.6
EPS – basic	$	0.62	$	1.59	$	1.56	$	8.17

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 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Numerator:
Net income attributable to common shareholders	$	28.8	$	83.9	$	73.5	$	429.7
Add: Dividends on Preferred Shares	—		8.7		—		25.9
Numerator for diluted EPS	$	28.8	$	92.6	$	73.5	$	455.6
Denominator:
Basic weighted average common shares outstanding	46.1		52.9		47.1		52.6
Plus: Dilutive effect of share awards	2.0		2.8		2.1		2.1
Plus: Dilutive effect of Preferred Shares	—		8.0		—		8.0
Diluted weighted average common shares outstanding	48.1		63.7		49.2		62.7
EPS – diluted	$	0.60	$	1.45	$	1.49	$	7.27

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 antidilutive:

	13 weeks ended		39 weeks ended
(in millions)	October 29, 2022	October 30, 2021	October 29, 2022	October 30, 2021
Potential impact of Preferred Shares	8.1	—	8.1	—
Total antidilutive shares	8.1	—	8.1	—