v3.25.2
Earnings per Share (EPS)
6 Months Ended
Aug. 02, 2025
Earnings Per Share [Abstract]  
Earnings per Share (EPS)

5. Earnings per Share (EPS)

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

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(In thousands)

 

August 2, 2025

 

 

August 3, 2024

 

 

August 2, 2025

 

 

August 3, 2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income and numerator for basic EPS

 

$

77,633

 

 

$

77,264

 

 

$

12,734

 

 

$

145,014

 

Numerator for diluted EPS

 

$

77,633

 

 

$

77,264

 

 

$

12,734

 

 

$

145,014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

170,756

 

 

 

193,661

 

 

 

175,156

 

 

 

195,048

 

Add: Dilutive effect of stock options and non-vested restricted stock

 

 

903

 

 

 

4,096

 

 

 

1,326

 

 

 

4,358

 

Denominator for diluted EPS - adjusted weighted average shares

 

 

171,659

 

 

 

197,757

 

 

 

176,482

 

 

 

199,406

 

Anti-dilutive shares (1)

 

 

4,151

 

 

 

393

 

 

 

3,518

 

 

 

350

 

 

(1) For all periods presented, anti-dilutive shares relate to stock options and unvested restricted stock.

Dilutive and anti-dilutive shares related to share-based compensation. Refer to Note 9, Share-Based Payments, to the Consolidated Financial Statements for additional information regarding share-based compensation.

On March 14, 2025, the Company entered into an accelerated share repurchase agreement (the "ASR Agreement") with Bank of America, N.A. ("Bank of America"). Pursuant to the terms of the ASR Agreement, on March 17, 2025, the Company made an aggregate payment of $200 million to Bank of America and received an aggregate initial delivery of approximately 14.5 million shares of its common stock. At final settlement on June 16, 2025, the Company received an additional 3.9 million shares. The cumulative repurchases under the ASR agreement totaled 18.4 million shares, in the aggregate, at an average price of $10.86. The aforementioned repurchased shares have been recorded as treasury stock.