v3.7.0.1
Computation of Net Income (Loss) Per Common Share
6 Months Ended
Jul. 29, 2017
Earnings Per Share [Abstract]  
Computation of Net Income (Loss) Per Common Share
6.
Earnings Per Share
Basic net income per common share is computed by dividing the net income available to common stockholders by the weighted- average number of common shares outstanding during the period. Diluted net income per common share is computed by dividing the net income available to common stockholders by the weighted-average number of common shares outstanding and potentially dilutive securities outstanding during the period. Potentially dilutive securities include stock options and unvested restricted stock outstanding during the period, using the treasury stock method. Potentially dilutive securities are excluded from the computations of diluted earnings per share if their effect would be antidilutive.
A reconciliation of shares used in calculating basic and diluted net income per common share is as follows (in millions, except per share data):
 
13 Weeks Ended
 
26 Weeks Ended
 
July 29,
2017
 
July 30,
2016
 
July 29,
2017
 
July 30,
2016
Net income
$
22.2

 
$
27.9

 
$
81.2

 
$
93.7

 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
101.4

 
104.0

 
101.3

 
103.9

Dilutive effect of stock options and restricted stock awards
0.1

 
0.3

 
0.1

 
0.3

Diluted weighted average common shares outstanding
101.5

 
104.3

 
101.4

 
104.2

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.22

 
$
0.27

 
$
0.80

 
$
0.90

Diluted earnings per share
$
0.22

 
$
0.27

 
$
0.80

 
$
0.90

 
 
 
 
 
 
 
 
Anti-dilutive stock options and restricted stock awards
2.1

 
1.4

 
2.1

 
1.3