v3.19.2
Net Income Per Share
 6 Months Ended
Aug. 03, 2019
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The Company reports both basic net income per share, which is based on the weighted average number of common shares outstanding during the period, and diluted net income per share, which is based on the weighted average number of common shares outstanding and potentially dilutive shares outstanding during the period.
The computations of basic and diluted net income per share are presented in the following table (in thousands, except per share amounts):
 
 
Three Months Ended
 
Six Months Ended
 
August 3,
2019
 
August 4,
2018
 
August 3,
2019
 
August 4,
2018
Numerator:
 
 
 
 
 
 
 
Net income (loss)
$
(57,331
)
 
$
6,759

 
$
(105,781
)
 
$
135,371

Denominator:
 
 
 
 
 
 
 
Weighted average shares — basic
663,603

 
552,238

 
661,280

 
524,787

Effect of dilutive securities:
 
 
 
 
 
 
 
Share-based awards
—

 
9,911

 
—

 
10,646

Weighted average shares — diluted
663,603

 
562,149

 
661,280

 
535,433

Net income per share:
 
 
 
 
 
 
 
       Basic
$
(0.09
)
 
$
0.01

 
$
(0.16
)
 
$
0.26

       Diluted
$
(0.09
)
 
$
0.01

 
$
(0.16
)
 
$
0.25


Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive.
Anti-dilutive potential shares are presented in the following table (in thousands): 
 
Three Months Ended
 
Six Months Ended
 
August 3,
2019
 
August 4,
2018
 
August 3,
2019
 
August 4,
2018
Weighted average shares outstanding:
 
 
 
 
 
 
 
Share-based awards
13,209

 
5,718

 
12,812

 
5,604



Anti-dilutive potential shares from share-based awards are excluded from the calculation of diluted earnings per share for all periods reported above because either their exercise price exceeded the average market price during the period or the share-based awards were determined to be anti-dilutive based on applying the treasury stock method. Anti-dilutive potential shares are also excluded from the calculation of diluted earnings per share for the three and six months ended August 3, 2019 due to the net loss reported in those periods.