Basic earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted-average number of common shares outstanding and common stock equivalents outstanding for the period using the treasury stock method. Common stock equivalents consist of shares subject to stock-based awards to the extent their inclusion would be dilutive.

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:


(In thousands, except per share amounts)	Net Earnings		Weighted Average Shares	Earnings Per Share
Thirteen weeks ended May 3, 2026
Basic	$	231,362	118,386	$	1.95
Effect of dilutive stock-based awards			1,508
Diluted	$	231,362	119,894	$	1.93
Thirteen weeks ended May 4, 2025
Basic	$	231,263	123,108	$	1.88
Effect of dilutive stock-based awards			1,681
Diluted	$	231,263	124,789	$	1.85

The effect of anti-dilutive stock-based awards was not material for the thirteen weeks ended May 3, 2026 and May 4, 2025.