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NET INCOME PER SHARE
 3 Months Ended
May 05, 2018
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
 
 
May 5,
 
April 29,
(in millions, except per share data)
 
2018
 
2017
Basic net income per share:
 
 
 
 
Net income
 
$
160.5

 
$
200.5

Weighted average number of shares outstanding
 
237.5

 
236.3

Basic net income per share
 
$
0.68

 
$
0.85

Diluted net income per share:
 
 
 
 
Net income
 
$
160.5

 
$
200.5

Weighted average number of shares outstanding
 
237.5

 
236.3

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

 
1.0

Weighted average number of shares and dilutive potential shares
outstanding
 
238.5

 
237.3

Diluted net income per share
 
$
0.67

 
$
0.85


For the 13 weeks ended May 5, 2018 and April 29, 2017, substantially all of the stock options outstanding were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.