Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.10.0.1
Earnings Per Share
9 Months Ended
Nov. 03, 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 Nine Months Ended

 

 

 

November 3,

 

October 28,

 

November 3,

 

October 28,

 

 

    

2018

    

2017

    

2018

    

2017

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

13,875

 

$

36,892

 

$

77,022

 

$

97,202

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

50,000

 

 

49,206

 

 

49,766

 

 

49,040

 

Dilutive effect of share-based awards

 

 

722

 

 

224

 

 

998

 

 

211

 

Diluted weighted-average common shares outstanding

 

 

50,722

 

 

49,430

 

 

50,764

 

 

49,251

 

Net earnings per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.28

 

$

0.75

 

$

1.55

 

$

1.98

 

Diluted

 

$

0.27

 

$

0.75

 

$

1.52

 

$

1.97

 

 

For the three and nine months ended November 3, 2018,  0.8 million and 0.6 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.  For the three and nine months ended October 28, 2017,  2.2 million and 2.1 million anti-dilutive shares of common stock were excluded from the calculation of diluted earnings per common share, respectively.