Net Income Per Share

12 Months Ended

Feb. 02, 2019

NOTE 14—NET INCOME PER SHARE

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

	Year Ended
	February 2,		February 3,		January 28,
	2019		2018		2017
Weighted-average shares—basic		21,613,678		27,053,616		40,691,483
Effect of dilutive stock-based awards		4,567,303		2,199,592		235,357
Effect of dilutive convertible senior notes ⁽¹⁾		352,244		—		—
Weighted-average shares—diluted		26,533,225		29,253,208		40,926,840

(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:

	Year Ended
	February 2,		February 3,		January 28,
	2019		2018		2017
Options		351,145		2,895,471		7,243,697
Restricted stock units		2,625		229,308		609,676
Total anti-dilutive stock-based awards		353,770		3,124,779		7,853,373