Earnings per Share and Shareholders' Equity

3 Months Ended

May 05, 2018

Earnings per Share and Shareholders' Equity

EARNINGS PER SHARE

Basic earnings per share is based on net income and the weighted average of Class A and Class B common shares outstanding. Diluted earnings per share reflects the potential dilution of common shares adjusted for outstanding stock options, restricted stock units ("RSUs"), and performance-based restricted stock units ("PSUs") calculated using the treasury stock method.

The following is a reconciliation of the number of shares used in the calculation of earnings per share:



	Three months ended
(in thousands)	May 5, 2018	April 29, 2017
Weighted average shares outstanding - Basic shares	80,108	80,217
Dilutive effect of stock-based compensation awards	650	515
Weighted average shares outstanding - Diluted shares	80,758	80,732

For the three months ended May 5, 2018 and April 29, 2017, the number of potential shares that were not included in the computation of diluted earnings per share because the effect would be anti-dilutive was 3.9 million and 3.9 million, respectively.