Net Income Per Share

9 Months Ended

Oct. 29, 2022

Earnings Per Share, Basic [Abstract]

Note 3 - Net Income Per Share

The following tables set forth the computation of basic and diluted net income per share as shown on the face of the accompanying Condensed Consolidated Statements of Income:


	Thirteen Weeks Ended
	October 29, 2022						October 30, 2021
			(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income available for basic common shares and basic net income per share	$	32,652		27,454	$	1.19	$	46,836		28,192	$	1.66
Diluted Net Income per Share:
Net income	$	32,652					$	46,836
Conversion of stock-based compensation arrangements		0		246				0		355
Net income available for diluted common shares and diluted net income per share	$	32,652		27,700	$	1.18	$	46,836		28,547	$	1.64


	Thirty-nine Weeks Ended
	October 29, 2022						October 30, 2021
			(In thousands, except per share data)
Basic Net Income per Share:	Net Income		Shares		Per Share Amount		Net Income		Shares		Per Share Amount
Net income available for basic common shares and basic net income per share	$	88,458		27,674	$	3.20	$	134,290		28,257	$	4.75
Diluted Net Income per Share:
Net income	$	88,458					$	134,290
Conversion of stock-based compensation arrangements		0		266				0		350
Net income available for diluted common shares and diluted net income per share	$	88,458		27,940	$	3.17	$	134,290		28,607	$	4.69

The computation of basic net income per share of common stock is based on the weighted average number of common shares outstanding during the period. The computation of diluted net income per share is based on the weighted average number of shares outstanding plus the dilutive incremental shares that would be outstanding assuming the vesting of stock-based compensation arrangements involving restricted stock, restricted stock units and performance stock units. The computation of diluted net income per share for the thirteen and thirty-nine weeks ended October 29, 2022 excluded approximately 290,000 and 253,000, respectively, of unvested stock-based awards that will be settled in shares because the impact would have been anti-dilutive. No unvested stock-based awards that will be settled in shares were excluded from the computation of diluted net income per share for the thirteen and thirty-nine weeks ended October 30, 2021.