Ulta Beauty, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net income per common share

Net income per common share

3 Months Ended

May 04, 2024

11.Net income per common share

The following is a reconciliation of net income and the number of shares of common stock used in the computation of net income per basic and diluted common share:


	13 Weeks Ended
	May 4,		April 29,
(In thousands, except per share data)	2024		2023
Numerator:
Net income	$	313,113	$	347,051

Denominator:
Weighted-average common shares – Basic		48,125		50,153
Dilutive effect of stock options and non-vested stock		256		316
Weighted-average common shares – Diluted		48,381		50,469

Net income per common share:
Basic	$	6.51	$	6.92
Diluted	$	6.47	$	6.88

The denominator for diluted net income per common share for the 13 weeks ended May 4, 2024 and April 29, 2023 excludes 150 and 79 employee stock options and restricted stock units, respectively, due to their anti-dilutive effects. Outstanding performance-based restricted stock units are included in the computation of dilutive shares only to the extent that the underlying performance conditions are satisfied prior to the end of the reporting period or would be considered satisfied if the end of the reporting period were the end of the related contingency period and the results would be dilutive under the treasury stock method.