Earnings per Share

3 Months Ended

Apr. 30, 2016

5. Earnings per Share

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	13 Weeks Ended
	April 30,		May 2,
(In thousands)	2016		2015
Weighted average common shares outstanding:
Basic number of common shares outstanding		180,697		194,975
Dilutive effect of stock options and non-vested restricted stock		2,230		905
Diluted number of common shares outstanding		182,927		195,880

Equity awards to purchase approximately 1.4 million shares of common stock during the 13 weeks ended April 30, 2016 and 40,000 shares of common stock during the 13 weeks ended May 2, 2015 were outstanding, but were not included in the computation of weighted average diluted common share amounts as the effect of doing so would be anti-dilutive.

Additionally, approximately 0.7 million shares of restricted stock units for the 13 weeks ended April 30, 2016 were not included in the computation of weighted average diluted common share amounts because the number of shares ultimately issued is contingent on the Company’s performance compared to pre-established annual performance goals.

Refer to Note 9 to the Consolidated Financial Statements for additional information regarding share-based compensation.