Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE

v3.19.1
EARNINGS PER SHARE
12 Months Ended
Feb. 02, 2019
EARNINGS PER SHARE  
EARNINGS PER SHARE

 

5.    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 reflect the more dilutive earnings per common share amount calculated using the treasury stock method or the two-class method.  For fiscal 2018 and 2017, the treasury stock method is used to calculate diluted earnings per common share while the two-class method was used for fiscal 2016.

Basic and diluted earnings per common share are computed using the actual net earnings allocated to common shareholders and the actual weighted-average common shares outstanding rather than the rounded numbers presented within our consolidated statement of earnings and the accompanying notes.  As a result, it may not be possible to recalculate earnings per common share in our 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): 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

    

2017

    

2016

 

Numerator

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

83,240

 

$

96,703

 

$

24,956

 

Net earnings allocated to participating securities (restricted stock and deferred stock units)

 

 

 —

 

 

 —

 

 

(28)

 

Net earnings

 

$

83,240

 

$

96,703

 

$

24,928

 

Denominator

 

 

 

 

 

 

 

 

 

 

Basic weighted-average common shares outstanding

 

 

49,856

 

 

49,094

 

 

48,607

 

Dilutive effect of share-based awards

 

 

869

 

 

374

 

 

179

 

Diluted weighted-average common shares outstanding

 

 

50,725

 

 

49,468

 

 

48,786

 

Net earnings per common share:

 

 

 

 

 

 

 

 

 

 

Basic

 

$

1.67

 

$

1.97

 

$

0.51

 

Diluted

 

$

1.64

 

$

1.95

 

$

0.51

 

For fiscal 2018,  2017 and 2016,  0.8 million, 1.8 million, and 1.6 million anti‑dilutive shares of common stock were excluded from the calculation of diluted earnings per common share allocated to common shareholders, respectively.