Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v2.4.1.9
Earnings per Share
12 Months Ended
Jan. 31, 2015
Earnings Per Share  
EARNINGS PER SHARE

9.   EARNINGS PER SHARE

 

Basic earnings per share is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing income available to common stockholders by the weighted-average shares outstanding plus the potential dilutive impact from the exercise of stock options and restricted shares. Common equivalent shares are excluded from the computation if their effect is anti-dilutive.  There were no material anti-dilutive shares during the periods presented. 

 

The following table presents a reconciliation of the diluted weighted-average shares (in millions, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year

 

 

 

2014

 

2013

 

2012

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net income

  

$

217 

  

$

243 

  

$

200 

 

Income related to vested restricted shares

 

 

 

 

 

 

 —

 

Income available to common stockholders

 

$

216 

 

$

242 

 

$

200 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Basic weighted-average shares

 

 

203.2 

 

 

174.8 

 

 

174.7 

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

3.9 

 

 

3.9 

 

 

3.3 

 

Restricted shares

 

 

0.2 

 

 

 —

 

 

0.2 

 

Dilutive weighted-average shares

 

 

207.3 

 

 

178.7 

 

 

178.2 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per common share

 

$

1.07 

 

$

1.39 

 

$

1.14 

 

Diluted earnings per common share

 

$

1.05 

 

$

1.36 

 

$

1.12