Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
6 Months Ended
Aug. 04, 2018
Earnings Per Share  
Earnings Per Share

 

4.  Earnings Per Share    

 

Basic earnings per common share is computed by dividing net earnings by the weighted-average common shares outstanding during the period.  Diluted earnings per common share is calculated using the treasury stock method.  Basic and diluted earnings per common share are computed using the actual net earnings and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our condensed consolidated statement of earnings and the accompanying notes.  As a result, it may not be possible to recalculate earnings per common share in our condensed consolidated statement of earnings and the accompanying notes. The following table sets forth the computation of basic and diluted earnings per common share (in thousands, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Six Months Ended

 

 

 

August 4,

 

July 29,

 

August 4,

 

July 29,

 

 

    

2018

    

2017

    

2018

    

2017

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

49,238

 

$

58,471

 

$

63,147

 

$

60,310

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

49,840

 

 

49,107

 

 

49,649

 

 

48,958

 

Dilutive effect of share-based awards

 

 

1,011

 

 

65

 

 

1,136

 

 

204

 

Diluted weighted-average common shares outstanding

 

 

50,851

 

 

49,172

 

 

50,785

 

 

49,162

 

Net earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.99

 

$

1.19

 

$

1.27

 

$

1.23

 

Diluted

 

$

0.97

 

$

1.19

 

$

1.24

 

$

1.23

 

 

For the three and six months ended August 4, 2018,  0.7 million and 0.5 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.  For the three and six months ended July 29, 2017,  2.5 million and 2.0 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively