Basic and Diluted Earnings Per Share (Tables)

3 Months Ended

Apr. 30, 2023

Schedule of basic and diluted earnings per share

The diluted earnings per share calculation includes the basic weighted average number of shares of Class A common stock outstanding plus the dilutive impact of potential outstanding shares of Class A common stock that would be issued upon exchange of Partnership Interests, together with the retirement of a corresponding number of shares of Class B common stock, under the if-converted method, if dilutive. The treasury stock method is applied to outstanding awards, including unvested Partnership Interests and outstanding stock appreciation rights, restricted stock units and stock options.


	Three Months Ended
Basic earnings per share:		April 30, 2023		May 1, 2022
Net income		$	133	$	137
Net income attributable to non-controlling interests		47		51
Net income available to Class A common stock		86		86
Weighted average shares outstanding		171,597,317		167,536,662
Net income per share		$	0.50	$	0.51
Diluted earnings per share:
Net income available to common shareholders - basic		$	86	$	86
Increase to net income attributable to dilutive instruments		35		38
Net income available to common shareholders - diluted		121		124
Weighted average shares outstanding - basic		171,597,317		167,536,662
Incremental shares of common stock attributable to dilutive instruments		72,119,447		78,608,874
Weighted average shares outstanding - diluted		243,716,764		246,145,536
Net income per share - diluted		$	0.50	$	0.50