EARNINGS PER SHARE

3 Months Ended

Apr. 28, 2024

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 using the treasury stock method. 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 April 28, 2024
Basic	$	265,666	64,206	$	4.14
Effect of dilutive stock-based awards			1,109
Diluted	$	265,666	65,315	$	4.07
Thirteen weeks ended April 30, 2023
Basic	$	156,531	65,849	$	2.38
Effect of dilutive stock-based awards			847
Diluted	$	156,531	66,696	$	2.35

The effect of anti-dilutive stock-based awards was not material for the thirteen weeks ended April 28, 2024 and April 30, 2023, respectively.