Net Income Per Share (Tables)

12 Months Ended

Jan. 29, 2022

Net Income Per Share

Schedule of weighted-average shares used for net income per share

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

	YEAR ENDED
	JANUARY 29,	JANUARY 30,	FEBRUARY 1,
	2022	2021	2020
Weighted-average shares—basic	21,270,448	19,668,976	19,082,303
Effect of dilutive stock-based awards	6,506,399	5,470,980	4,554,682
Effect of dilutive convertible senior notes (1)	3,336,548	2,162,312	662,049
Weighted-average shares—diluted	31,113,395	27,302,268	24,299,034

(1) The 2019 Notes, 2020 Notes, 2023 Notes and 2024 Notes have an impact on our dilutive share count beginning at stock prices of $116.09 per share, $118.13 per share, $193.65 per share and $211.40 per share, respectively. The 2019 Notes matured on June 15, 2019 and did not have an impact of our dilutive share count post-maturity. The 2020 Notes matured on July 15, 2020 and did not have an impact on our dilutive share count post-maturity. The warrants associated with our 2019 Notes, 2020 Notes, 2023 Notes and 2024 Notes have an impact on our dilutive share count beginning at stock prices of $171.98 per share, $189.00 per share, $309.84 per share and $338.24 per share, respectively. The warrants associated with our 2019 Notes and 2020 Notes expired through December 2019 and January 2021, respectively.

Anti-Dilutive Securities Excluded from Diluted Net Income (loss) per Share

	YEAR ENDED
	JANUARY 29,	JANUARY 30,	FEBRUARY 1,
	2022	2021	2020
Options	102,374	389,830	360,496
Restricted stock units	1,379	316	—
Total anti-dilutive stock-based awards	103,753	390,146	360,496