Earnings per share

12 Months Ended

Jan. 31, 2025

Earnings Per Share

Earnings per share

2.Earnings per share

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

	2024
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,125,253	219,877	$	5.12
Effect of dilutive share-based awards			150
Diluted earnings per share	$	1,125,253	220,027	$	5.11

	2023
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	1,661,274	219,415	$	7.57
Effect of dilutive share-based awards			523
Diluted earnings per share	$	1,661,274	219,938	$	7.55

	2022
			Weighted
	Net		Average	Per Share
	Income		Shares	Amount
Basic earnings per share	$	2,415,989	225,148	$	10.73
Effect of dilutive share-based awards			1,149
Diluted earnings per share	$	2,415,989	226,297	$	10.68

Basic earnings per share is computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. 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 options would be antidilutive, were approximately 0.2 million, 0.1 million and 0.1 million in 2024, 2023 and 2022, respectively.