Basic and diluted earnings per share attributable to the Company’s common stockholders are presented using the two-class method required for participating securities. Under the two-class method, net income attributable to the Company’s common stockholders is determined by allocating undistributed earnings between common stock and participating securities. Undistributed earnings for the periods presented are calculated as net income less distributed earnings. Undistributed earnings are allocated proportionally to the Company’s common Class A and Class B stockholders as both classes are entitled to share equally, on a per share basis, in dividends and other distributions. Basic and diluted earnings per share are calculated by dividing net income attributable to the Company’s common stockholders by the weighted-average shares outstanding during the period.

The following table sets forth basic and diluted earnings per share attributable to the Company’s common stockholders for the periods presented (in thousands, except per share data):


	13 Weeks Ended				26 Weeks Ended
	July 28, 2024		July 30, 2023		July 28, 2024		July 30, 2023
Basic and diluted earnings per share
Numerator
Earnings attributable to common Class A and Class B stockholders	$	299,117	$	20,207	$	366,014	$	43,066
Denominator
Weighted-average common shares used in computing earnings per share:
Basic	429,377		428,618		432,125		427,735
Effect of dilutive share-based awards	8,505		2,958		5,028		3,289
Diluted	437,882		431,576		437,153		431,024
Anti-dilutive share-based awards excluded from diluted common shares	7,998		5,918		9,068		5,147
Earnings per share attributable to common Class A and Class B stockholders:
Basic	$	0.70	$	0.05	$	0.85	$	0.10
Diluted	$	0.68	$	0.05	$	0.84	$	0.10