EARNINGS PER SHARE

6 Months Ended

Jul. 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 July 28, 2024
Basic	$	225,745	128,256	$	1.76
Effect of dilutive stock-based awards			1,554
Diluted	$	225,745	129,810	$	1.74
Thirteen weeks ended July 30, 2023
Basic	$	201,507	128,326	$	1.57
Effect of dilutive stock-based awards			725
Diluted	$	201,507	129,051	$	1.56
Twenty-six weeks ended July 28, 2024
Basic	$	491,411	128,334	$	3.83
Effect of dilutive stock-based awards			1,769
Diluted	$	491,411	130,103	$	3.78
Twenty-six weeks ended July 30, 2023
Basic	$	358,038	130,012	$	2.75
Effect of dilutive stock-based awards			1,161
Diluted	$	358,038	131,173	$	2.73

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