v3.24.3
Net Income Per Share (Tables)
9 Months Ended
Nov. 02, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income per Share The following table presents the computation of basic and diluted net income per share:

 

 

(in thousands, except per share data)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

November 2,

 

 

October 28,

 

 

November 2,

 

 

October 28,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Basic net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

90,597

 

 

$

48,551

 

 

$

242,871

 

 

$

112,191

 

Weighted average number of common shares – basic

 

 

63,563

 

 

 

64,707

 

 

 

63,723

 

 

 

64,852

 

Net income per common share – basic

 

$

1.43

 

 

$

0.75

 

 

$

3.81

 

 

$

1.73

 

Diluted net income per share

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

90,597

 

 

$

48,551

 

 

$

242,871

 

 

$

112,191

 

Shares for basic and diluted net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average number of common shares – basic

 

 

63,563

 

 

 

64,707

 

 

 

63,723

 

 

 

64,852

 

Assumed exercise of stock options and vesting of restricted stock

 

 

637

 

 

 

95

 

 

 

485

 

 

 

172

 

Assumed conversion of convertible debt

 

 

419

 

 

 

—

 

 

 

187

 

 

 

—

 

Weighted average number of common shares – diluted

 

 

64,619

 

 

 

64,802

 

 

 

64,395

 

 

 

65,024

 

Net income per common share – diluted

 

$

1.40

 

 

$

0.75

 

 

$

3.77

 

 

$

1.73