v3.25.1
Earnings per share
3 Months Ended
May 02, 2025
Earnings Per Share  
Earnings per share

2.

Earnings per share

Earnings per share is computed as follows (in thousands, except per share data):

13 Weeks Ended May 2, 2025

13 Weeks Ended May 3, 2024

   

    

Weighted

   

  

  

   

Weighted

   

 

Net

Average

Per Share

Net

Average

Per Share

Income

Shares

Amount

Income

Shares

Amount

Basic earnings per share

$

391,928

 

219,986

$

1.78

$

363,317

 

219,748

$

1.65

Effect of dilutive share-based awards

 

149

 

304

Diluted earnings per share

$

391,928

 

220,135

$

1.78

$

363,317

 

220,052

$

1.65

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.

Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were approximately 0.2 million and 0.1 million in the respective 13-week periods ended May 2, 2025 and May 3, 2024.