EARNINGS PER SHARE

9 Months Ended

Oct. 29, 2023

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 29, 2023
Basic	$	237,285	64,142	$	3.70
Effect of dilutive stock-based awards			632
Diluted	$	237,285	64,774	$	3.66
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
Thirty-nine weeks ended October 29, 2023
Basic	$	595,323	64,718	$	9.20
Effect of dilutive stock-based awards			580
Diluted	$	595,323	65,298	$	9.12
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

The effect of anti-dilutive stock-based awards was not material for the thirteen and thirty-nine weeks ended October 29, 2023 and October 30, 2022, respectively.