Net Income Per Share

3 Months Ended

May 04, 2019

NOTE 12—NET INCOME PER SHARE

The weighted-average shares used for net income per share are as follows:


	Three Months Ended
	May 4,	May 5,
	2019	2018
Weighted-average shares—basic	19,976,858	21,545,025
Effect of dilutive stock-based awards	4,472,545	3,685,203
Effect of dilutive convertible senior notes (1)	484,584	—
Weighted-average shares—diluted	24,933,987	25,230,228

(1)

The 2019 Notes, 2020 Notes and 2023 Notes have an impact on the Company’s dilutive share count beginning at stock prices of $116.09 per share, $118.13 per share and $193.65 per share, respectively.

The following number of options and restricted stock units were excluded from the calculation of diluted net income per share because their inclusion would have been anti-dilutive:


	Three Months Ended
	May 4,	May 5,
	2019	2018
Options	463,506	486,516
Restricted stock units	—	10,500
Total anti-dilutive stock-based awards	463,506	497,016