v3.20.1
Net Income (Loss) Per Share
 12 Months Ended
Feb. 01, 2020
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
The Company reports both basic net income (loss) per share, which is based on the weighted-average number of common shares outstanding during the period, and diluted net income (loss) 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 (loss) per share are presented in the following table (in thousands, except per share amounts):
Year Ended
February 1,
2020		February 2,
2019		February 3,
2018
Numerator:
Income (loss) from continuing operations, net of tax$1,584,391  $(179,094) $433,142  
Income from discontinued operations, net of tax—  —  87,689  
Net income (loss)$1,584,391  $(179,094) $520,831  
Denominator:
Weighted-average shares — basic664,709  591,232  498,008  
Effect of dilutive securities:
Share-based awards11,385  —  11,659  
Weighted-average shares — diluted676,094  591,232  509,667  
Income (loss) from continuing operations per share:
     Basic$2.38  $(0.30) $0.87  
     Diluted$2.34  $(0.30) $0.85  
Income (loss) from discontinued operations per share:
     Basic$—  $—  $0.18  
     Diluted$—  $—  $0.17  
Net income (loss) per share:
     Basic$2.38  $(0.30) $1.05  
     Diluted$2.34  $(0.30) $1.02  
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):
Year Ended
February 1,
2020		February 2,
2019		February 3,
2018
Weighted-average shares outstanding:
Share-based awards1,124  20,435  412  
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 from share-based awards are also excluded from the calculation of diluted earnings per share for the year ended February 2, 2019 due to the net loss reported in that period.