v3.26.1
Earnings per Share
6 Months Ended
Aug. 01, 2026
Earnings Per Share [Abstract]  
Earnings per Share

5. Earnings per Share

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

 

 

 

13 Weeks Ended

 

 

26 Weeks Ended

 

(In thousands)

 

August 1, 2026

 

 

August 2, 2025

 

 

August 1, 2026

 

 

August 2, 2025

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

Basic number of common shares outstanding:

 

 

167,059

 

 

 

170,756

 

 

 

167,447

 

 

 

175,156

 

Dilutive effect of stock options and non-vested restricted stock

 

 

3,121

 

 

 

903

 

 

 

3,830

 

 

 

1,326

 

Diluted number of common shares outstanding

 

 

170,180

 

 

 

171,659

 

 

 

171,277

 

 

 

176,482

 

Anti-Dilutive Shares (1)

 

 

1,917

 

 

 

4,151

 

 

 

1,913

 

 

 

3,518

 

 

(1) For all periods presented, anti-dilutive shares relate to outstanding stock options and unvested restricted stock units that have been excluded from the computation of earnings per diluted share because their effect is anti-dilutive.

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 which 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 on March 17, 2025. 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 per share. The aforementioned repurchased shares were recorded as treasury stock.