Earnings Per Share

Unvested restricted stock awards that entitle recipients to voting and nonforfeitable dividend rights from the date of grant are considered participating securities and the two-class method is used for purposes of calculating earnings per share. Under the two-class method, a portion of net income is allocated to these participating securities and therefore is excluded from the calculation of earnings per share allocated to common stock, as shown in the table below. The difference between the income allocated to participating securities under the basic and diluted two-class methods is not material.

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended
	February 2, 2019		February 3, 2018 (1)
Net Income	$	355,006	$	293,240
Less: income allocated to participating securities	1,037		1,243
Net income allocated to common stockholders	$	353,969	$	291,997

Basic shares:
Weighted-average shares outstanding	368,703		369,093
Earnings per common share basic:	$	0.96	$	0.79
Diluted shares:
Weighted-average shares outstanding	368,703		369,093
Assumed exercise of common stock equivalents	3,803		5,096
Weighted-average common and common equivalent shares	372,506		374,189
Earnings per common share diluted:	$	0.95	$	0.78
Anti-dilutive shares related to:
Outstanding share-based awards	2,011		1,472

(1) Balances have been restated to reflect the full retrospective adoption of ASU 2014-09. See Note 1, Basis of Presentation, in these Notes to Condensed Consolidated Financial Statements.