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Net Income Per Section
3 Months Ended
May 05, 2018
Net Income Per Section [Abstract]  
Net Income Per Share

7. Net Income Per Share

Basic net income per share is net income divided by the average number of common shares outstanding during the period. Diluted net income per share includes incremental shares assumed for share-based awards.

The information required to compute basic and diluted net income per share is as follows:

 

 

Three Months Ended

(Dollar and Shares in Millions, Except per Share Data)

May 5,

2018

April 29,

2017

Numerator—Net income

$

75

 

$

66

 

Denominator—Weighted average shares:

 

 

 

 

 

 

Basic

 

165

 

 

170

 

Impact of dilutive stock-based awards

 

2

 

 

1

 

Diluted

 

167

 

 

171

 

Antidilutive shares

 

 

 

3

 

Net income per share:

 

 

 

 

 

 

Basic

$

0.46

 

$

0.39

 

Diluted

$

0.45

 

$

0.39