Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
6 Months Ended
Aug. 03, 2019
Earnings Per Share  
Earnings Per Share

3. 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 3,

August 4,

August 3,

August 4,

    

2019

    

2018

    

2019

    

2018

 

Numerator

Net earnings

$

34,266

$

49,238

$

41,408

$

63,147

Denominator

Basic weighted-average common shares outstanding

 

50,547

 

49,840

 

50,414

 

49,649

Dilutive effect of share-based awards

 

77

 

1,011

 

192

 

1,136

Diluted weighted-average common shares outstanding

 

50,624

 

50,851

 

50,606

 

50,785

Net earnings per common share:

Basic

$

0.68

$

0.99

$

0.82

$

1.27

Diluted

$

0.68

$

0.97

$

0.82

$

1.24

For the three and six months ended August 3, 2019, 4.6 million and 3.3 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 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.