Net Income Per Share (Tables)

3 Months Ended

May 04, 2019

Schedule of Weighted Average Shares Used for 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.

Anti-Dilutive Securities Excluded from Diluted Net Income per Share

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