Earnings per common share (“EPS”) (Tables)

3 Months Ended

Apr. 29, 2017

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic

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

	13 weeks ended
(in millions, except per share amounts)	April 29, 2017		April 30, 2016
Numerator:
Net income attributable to common shareholders	$	70.3	$	146.8
Denominator:
Weighted average common shares outstanding	68.1		78.6
EPS – basic	$	1.03	$	1.87

Schedule of Earnings Per Share, Diluted

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

	13 weeks ended
(in millions, except per share amounts)	April 29, 2017		April 30, 2016
Numerator:
Net income attributable to common shareholders	$	70.3	$	146.8
Add: Dividends on preferred shares	—		n/a
Numerator for diluted EPS	$	70.3	$	146.8
Denominator:
Weighted average common shares outstanding	68.1		78.6
Plus: Dilutive effect of share awards	0.1		0.1
Plus: Dilutive effect of preferred shares	—		n/a
Diluted weighted average common shares outstanding	68.2		78.7
EPS – diluted	$	1.03	$	1.87

n/a Not applicable as preferred shares were issued in October 2016. See Note 4 for additional information.

Schedule of antidilutive securities excluded from computation of earnings per share

The calculation of diluted EPS excludes the following items for each respective period on the basis that their effect would be anti-dilutive.

	13 weeks ended
(in millions)	April 29, 2017	April 30, 2016
Share awards	0.3	0.1
Potential impact of preferred shares	6.7	—
Total anti-dilutive shares	7.0	0.1