Net Income (Loss) Per Share

12 Months Ended

Feb. 03, 2024

The following table sets forth the calculations of basic and diluted net income (loss) per share:


	Year Ended
(in millions, except per share data)	February 3, 2024		January 28, 2023		January 29, 2022
Basic net income (loss) per share:
Net income (loss)	$	(998.4)	$	1,615.4	$	1,327.9
Weighted average number of shares outstanding	219.5		223.2		227.9
Basic net income (loss) per share	$	(4.55)	$	7.24	$	5.83
Diluted net income (loss) per share:
Net income (loss)	$	(998.4)	$	1,615.4	$	1,327.9
Weighted average number of shares outstanding	219.5		223.2		227.9
Dilutive impact of share-based awards (as determined by applying the treasury stock method)	—		0.9		1.1
Weighted average number of shares and dilutive potential shares outstanding	219.5		224.1		229.0
Diluted net income (loss) per share	$	(4.55)	$	7.21	$	5.80

For the years ended February 3, 2024 and January 28, 2023, share-based awards of 2.9 million shares and 3.0 million shares, respectively, were excluded from the calculation of diluted net income (loss) per share because their inclusion would be anti-dilutive. For the year ended January 29, 2022, substantially all of the outstanding share-based awards were included in the calculation of the weighted average number of shares and dilutive potential shares outstanding.