Earnings per share

3 Months Ended

Apr. 30, 2016



	13 weeks ended
(in millions, except per share amounts)	April 30, 2016		May 2, 2015
Net income	$	146.8	$	118.8
Basic weighted average number of shares outstanding	78.6		80.0
Dilutive effect of share awards	0.1		0.2
Diluted weighted average number of shares outstanding	78.7		80.2
Earnings per share – basic	$	1.87	$	1.49
Earnings per share – diluted	$	1.87	$	1.48

The dilutive effect of share awards represents the potential impact of outstanding awards issued under the Company’s share-based compensation plans, including restricted shares and restricted stock units issued under the Omnibus Plan and stock options issued under the Share Saving Plans and the Executive Plans. The potential impact is calculated using the treasury stock method. The calculation of fully diluted earnings per share for the 13 weeks ended April 30, 2016 excludes awards of 99,457 shares (13 weeks ended May 2, 2015: 74,148 share awards) on the basis that their effect would be anti-dilutive.