Earnings (loss) per common share ("EPS") (Tables)

12 Months Ended

Feb. 02, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

The computation of basic EPS is outlined in the table below:

(in millions, except per share amounts)	Fiscal 2019			Fiscal 2018		Fiscal 2017
Numerator:
Net income (loss) attributable to common shareholders	$	(690.3	)	$	486.4	$	531.3
Denominator:
Weighted average common shares outstanding	54.7			63.0		74.5
EPS – basic	$	(12.62	)	$	7.72	$	7.13

Schedule of Earnings Per Share, Diluted

The computation of diluted EPS is outlined in the table below:

(in millions, except per share amounts)	Fiscal 2019			Fiscal 2018		Fiscal 2017
Numerator:
Net income (loss) attributable to common shareholders	$	(690.3	)	$	486.4	$	531.3
Add: Dividends on preferred shares	—			32.9		11.9
Numerator for diluted EPS	$	(690.3	)	$	519.3	$	543.2
Denominator:
Weighted average common shares outstanding	54.7			63.0		74.5
Plus: Dilutive effect of share awards	—			0.1		0.1
Plus: Dilutive effect of preferred shares	—			6.7		2.1
Diluted weighted average common shares outstanding	54.7			69.8		76.7
EPS – diluted	$	(12.62	)	$	7.44	$	7.08

Schedule of antidilutive securities excluded from computation of earnings per share

The calculation of diluted EPS excludes the following awards and preferred shares on the basis that their effect would be anti-dilutive.

(in millions)	Fiscal 2019	Fiscal 2018	Fiscal 2017
Share awards	1.1	0.4	0.1
Potential impact of preferred shares	7.1	—	—
Total anti-dilutive shares	8.2	0.4	0.1