Net Income Per Share (Tables)

9 Months Ended

Nov. 03, 2018

Schedule of Weighted Average Shares Used for Net Income per Share

The weighted-average shares used for net income per share is presented in the table below.

	Three Months Ended				Nine Months Ended
	November 3,		October 28,		November 3,		October 28,
	2018		2017		2018		2017
Weighted-average shares—basic		22,082,141		21,221,848		21,850,955		29,076,556
Effect of dilutive stock-based awards		4,966,376		2,313,769		4,603,390		1,516,826
Effect of dilutive convertible senior notes⁽¹⁾		654,802		—		355,690		—
Weighted-average shares—diluted		27,703,319		23,535,617		26,810,035		30,593,382

(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				Nine Months Ended
	November 3,		October 28,		November 3,		October 28,
	2018		2017		2018		2017
Options		348,423		2,222,103		348,127		3,701,484
Restricted stock units		—		128,723		3,500		305,744
Total anti-dilutive stock-based awards		348,423		2,350,826		351,627		4,007,228