Earnings Per Share

12 Months Ended

Feb. 03, 2018

NOTE 14: EARNINGS PER SHARE

Earnings per basic share is computed using the weighted-average number of common shares outstanding during the year. Earnings per diluted share uses the weighted-average number of common shares outstanding during the year plus dilutive common stock equivalents, primarily stock options and restricted stock. Dilutive common stock is calculated using the treasury stock method and includes unvested RSUs and outstanding options that would reduce the amount of earnings for which each share is entitled. Anti-dilutive shares (including stock options and other shares) are excluded from the calculation of diluted shares and earnings per diluted share because their impact could increase earnings per diluted share. The computation of earnings per share is as follows:



Fiscal year	2017		2016		2015
Net earnings		$437		$354		$600

Basic shares	166.8		173.2		186.3
Dilutive effect of common stock equivalents	2.1		2.4		3.8
Diluted shares	168.9		175.6		190.1

Earnings per basic share		$2.62		$2.05		$3.22
Earnings per diluted share		$2.59		$2.02		$3.15

Anti-dilutive common stock equivalents	10.5		8.0		2.3

Net earnings in 2016 included the Trunk Club goodwill impairment charge of $197, which had an impact of $1.14 per basic share and $1.12 per diluted share.