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

9 Months Ended

Oct. 28, 2017

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 28, 2017			October 29, 2016		October 28, 2017		October 29, 2016
Numerator:
Net (loss) income attributable to common shareholders	$	(12.1	)	$	14.8	$	143.4	$	243.5
Denominator:
Weighted average common shares outstanding	60.1			73.5		64.0		76.4
EPS – basic	$	(0.20	)	$	0.20	$	2.24	$	3.19

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 28, 2017			October 29, 2016		October 28, 2017		October 29, 2016
Numerator:
Net (loss) income attributable to common shareholders	$	(12.1	)	$	14.8	$	143.4	$	243.5
Add: Dividends on preferred shares	—			—		—		—
Numerator for diluted EPS	$	(12.1	)	$	14.8	$	143.4	$	243.5
Denominator:
Weighted average common shares outstanding	60.1			73.5		64.0		76.4
Plus: Dilutive effect of share awards	—			0.1		0.1		0.1
Diluted weighted average common shares outstanding	60.1			73.6		64.1		76.5
EPS – diluted	$	(0.20	)	$	0.20	$	2.24	$	3.18

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)	October 28, 2017	October 29, 2016
Share awards	0.3	0.3
Potential impact of preferred shares	6.7	6.7
Total anti-dilutive shares	7.0	7.0