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NET INCOME PER SHARE
 3 Months Ended
Apr. 29, 2017
Earnings Per Share [Abstract]  
NET INCOME PER SHARE
NET INCOME PER SHARE
The following table sets forth the calculations of basic and diluted net income per share:
 
 
13 Weeks Ended
 
 
April 29,
 
April 30,
(in millions, except per share data)
 
2017
 
2016
Basic net income per share:
 
 
 
 
Net income
 
$
200.5

 
$
232.7

Weighted average number of shares outstanding
 
236.3

 
235.3

Basic net income per share
 
$
0.85

 
$
0.99

Diluted net income per share:
 
 
 
 
Net income
 
$
200.5

 
$
232.7

Weighted average number of shares outstanding
 
236.3

 
235.3

Dilutive effect of stock options and restricted stock (as determined by
applying the treasury stock method)
 
1.0

 
1.1

Weighted average number of shares and dilutive potential shares
outstanding
 
237.3

 
236.4

Diluted net income per share
 
$
0.85

 
$
0.98


For the 13 weeks ended April 29, 2017 and April 30, 2016, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.