Earnings per Share (Tables)

9 Months Ended

Oct. 29, 2022

Reconciliation Between Basic and Diluted 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				39 Weeks Ended
(In thousands)	October 29, 2022		October 30, 2021		October 29, 2022		October 30, 2021
Numerator:
Net income and numerator for basic EPS	$	81,272	$	152,224	$	70,547	$	369,201
Add: Interest expense, net of tax, related to the 2025 Notes (1)		529		—		4,897		—
Numerator for diluted EPS	$	81,801	$	152,224	$	75,444	$	369,201

Denominator:
Denominator for basic EPS - weighted average shares		186,305		167,637		178,637		168,062
Add: Dilutive effect of the 2025 Notes (1)		8,418		33,687		27,280		34,616
Add: Dilutive effect of stock options and non-vested restricted stock		1,053		3,689		1,582		4,354
Denominator for diluted EPS - adjusted weighted average shares		195,776		205,013		207,499		207,032
Anti-dilutive shares (2)		4,221		286		2,390		172

(1)

During the 39 weeks ended October 29, 2022, the Company adopted ASU 2020-06 under the modified retrospective method, which requires the Company to utilize the "if-converted" method of calculated diluted EPS. Accordingly, we did not restate financial information for the 39 weeks ended October 30, 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 all periods presented, anti-dilutive shares relate to stock options and unvested restricted stock.