Earnings per Share

3 Months Ended

Apr. 30, 2022

5. Earnings per Share

The following is a reconciliation between the amounts used in the calculation of basic and diluted earnings per share:


	13 Weeks Ended
(In thousands)	April 30, 2022		May 1, 2021
Numerator:
Net income and numerator for basic EPS	$	31,740	$	95,463
Add: Interest expense, net of tax, related to the 2025 Notes (1)		3,369		—
Numerator for diluted EPS	$	35,109	$	95,463

Denominator:
Denominator for basic EPS - weighted average shares		168,460		167,257
Add: Dilutive effect of the 2025 Notes (1)		48,574		33,798
Add: Dilutive effect of stock options and non-vested restricted stock		2,708		5,507
Denominator for diluted EPS - adjusted weighted average shares		219,742		206,562
Anti-dilutive shares (2)		1,098		93

(1)

During the 13 weeks ended April 30, 2022, the Company adopted ASU 2020-06 under the modified retrospective method, which requires the Company to utilize the "if-converted" method of calculating diluted EPS. Accordingly, we did not restate financial information for the 13 weeks ended May 1, 2021. Refer to Note 2 to the Consolidated Financial Statements for additional information regarding the impact of the adoption of ASU 2020-06.

(2)

For both periods presented, anti-dilutive shares relate to stock options and unvested restricted stock.

Refer to Notes 8 and 9 to the Consolidated Financial Statements for additional information regarding the 2025 Notes and share-based compensation, respectively.