EARNINGS PER SHARE

9 Months Ended

Oct. 30, 2022

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed as net earnings divided by the weighted average number of common shares outstanding and common stock equivalents outstanding for the period. Common stock equivalents consist of shares subject to stock-based awards to the extent their inclusion would be dilutive.

The following is a reconciliation of net earnings and the number of shares used in the basic and diluted earnings per share computations:

(In thousands, except per share amounts)	Net Earnings		Weighted Average Shares	Earnings Per Share
Thirteen weeks ended October 30, 2022
Basic	$	251,723	66,704	$	3.77
Effect of dilutive stock-based awards			913
Diluted	$	251,723	67,617	$	3.72
Thirteen weeks ended October 31, 2021
Basic	$	249,524	74,010	$	3.37
Effect of dilutive stock-based awards			1,933
Diluted	$	249,524	75,943	$	3.29
Thirty-nine weeks ended October 30, 2022
Basic	$	772,911	68,578	$	11.27
Effect of dilutive stock-based awards			1,204
Diluted	$	772,911	69,782	$	11.08
Thirty-nine weeks ended October 31, 2021
Basic	$	723,396	74,865	$	9.66
Effect of dilutive stock-based awards			2,110
Diluted	$	723,396	76,975	$	9.40

The effect of anti-dilutive stock-based awards was not material for the thirteen and thirty-nine weeks ended October 30, 2022 and October 31, 2021, respectively.