Earnings per share

6 Months Ended

Aug. 02, 2024

Earnings per share

Earnings per share

2. Earnings per share

Earnings per share is computed as follows (in thousands, except per share data):

	13 Weeks Ended August 2, 2024					13 Weeks Ended August 4, 2023
			Weighted					Weighted
	Net		Average	Per Share		Net		Average	Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic earnings per share	$	374,190	219,904	$	1.70	$	468,835	219,403	$	2.14
Effect of dilutive share-based awards			161					549
Diluted earnings per share	$	374,190	220,065	$	1.70	$	468,835	219,952	$	2.13
	26 Weeks Ended August 2, 2024					26 Weeks Ended August 4, 2023
			Weighted					Weighted
	Net		Average	Per Share		Net		Average	Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic earnings per share	$	737,507	219,826	$	3.35	$	983,215	219,298	$	4.48
Effect of dilutive share-based awards			233					731
Diluted earnings per share	$	737,507	220,059	$	3.35	$	983,215	220,029	$	4.47

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is determined based on the dilutive effect of share-based awards using the treasury stock method.

Share-based awards that were outstanding at the end of the respective periods but were not included in the computation of diluted earnings per share because the effect of exercising such awards would be antidilutive, were approximately 0.1 million in each of the respective 13-week periods and 26-week periods ended August 2, 2024 and August 4, 2023.