Basic net income per share is calculated by dividing net income by the weighted-average number of common shares outstanding. Diluted net income per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method for the Company’s stock option and

restricted stock unit awards, and the if-converted method for the Convertible Notes. The following table presents the computation of basic and diluted net income per share:


	(in thousands, except per share data)
	Three Months Ended				Six Months Ended
	August 1,		August 2,		August 1,		August 2,
	2026		2025		2026		2025
Basic net income per share
Net income	$	184,304	$	94,185	$	299,048	$	195,018
Weighted average number of common shares – basic		62,867		63,061		62,814		63,075
Net income per common share – basic	$	2.93	$	1.49	$	4.76	$	3.09
Diluted net income per share
Net income	$	184,304	$	94,185	$	299,048	$	195,018
Shares for basic and diluted net income per share:
Weighted average number of common shares – basic		62,867		63,061		62,814		63,075
Assumed exercise of stock options and vesting of restricted stock		696		579		846		621
Assumed conversion of convertible debt		333		253		362		270
Weighted average number of common shares – diluted		63,896		63,893		64,022		63,966
Net income per common share – diluted	$	2.88	$	1.47	$	4.67	$	3.05

Approximately 95,000 and 98,000 shares of the Company’s stock-based compensation grants were excluded from diluted net income per share for the three and six month periods ended August 1, 2026, respectively, since their effect was anti-dilutive.

Approximately 180,000 and 201,000 shares related to the Company’s stock-based compensation grants were excluded from diluted net income per share for the three and six month periods ended August 2, 2025, respectively, since their effect was anti-dilutive.