Earnings Per Share

6 Months Ended

May 04, 2019

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				Six Months Ended
	May 4, 2019		May 5, 2018 (1)		May 4, 2019		May 5, 2018 (1)

Net Income	$	367,937	$	400,328	$	722,943	$	693,568
Less: income allocated to participating securities	908		1,532		1,932		2,827
Net income allocated to common stockholders	$	367,029	$	398,796	$	721,011	$	690,741

Basic shares:
Weighted-average shares outstanding	369,246		370,384		368,974		369,685
Earnings per common share basic:	$	0.99	$	1.08	$	1.95	$	1.87
Diluted shares:
Weighted-average shares outstanding	369,246		370,384		368,974		369,685
Assumed exercise of common stock equivalents	4,096		4,394		3,938		4,745
Weighted-average common and common equivalent shares	373,342		374,778		372,912		374,430
Earnings per common share diluted:	$	0.98	$	1.06	$	1.93	$	1.84
Anti-dilutive shares related to:
Outstanding share-based awards	432		1,990		1,222		1,731

(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.