Earnings per Share

3 Months Ended

May 03, 2014

Earnings per Share

5. Earnings per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	13 Weeks Ended
(In thousands)	May 3, 2014		May 4, 2013
Weighted average common shares outstanding:
Basic number of common shares outstanding		194,060		192,710
Dilutive effect of stock options and non-vested restricted stock		642		4,008
Diluted number of common shares outstanding		194,702		196,718

Equity awards to purchase approximately 2.5 million shares of common stock during the 13 weeks ended May 3, 2014 and approximately 1.0 million shares of common stock during the 13 weeks ended May 4, 2013 were outstanding, but were not included in the computation of weighted average diluted common share amounts as the effect of doing so would be anti-dilutive.

There were 1.7 million shares for the 13 weeks ended May 3, 2014 and approximately 0.8 million shares for the 13 weeks ended May 4, 2013 of restricted stock units that were outstanding but not included in the computation of weighted average diluted common share amounts as the effect of doing so would be anti-dilutive. Additionally, approximately 1.3 million shares and 0.6 million shares of restricted stock units for the 13 weeks ended May 3, 2014 and May 4, 2013, respectively, were not included in the computation of weighted average diluted common share amounts because the number of shares ultimately issued is contingent on the Company’s performance compared to pre-established annual performance goals.

Refer to Note 9 to the Consolidated Financial Statements for additional information regarding share-based compensation.