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

9 Months Ended

Oct. 31, 2015

7.	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 share:


	13 Weeks Ended				39 Weeks Ended
	October 31,		November 1,		October 31,		November 1,
(In thousands, except per share data)	2015		2014		2015		2014
Numerator for diluted net income per share – net income	$	71,070	$	59,124	$	212,185	$	169,871
Denominator for basic net income per share – weighted-average common shares		63,882		64,419		64,050		64,347
Dilutive effect of stock options and non-vested stock		314		319		333		308

Denominator for diluted net income per share		64,196		64,738		64,383		64,655
Net income per common share:
Basic	$	1.11	$	0.92	$	3.31	$	2.64
Diluted	$	1.11	$	0.91	$	3.30	$	2.63

The denominators for diluted net income per common share for the 13 weeks ended October 31, 2015 and November 1, 2014 exclude 293 and 500 employee stock options and restricted stock, respectively, due to their anti-dilutive effects.

The denominators for diluted net income per common share for the 39 weeks ended October 31, 2015 and November 1, 2014 exclude 409 and 744 employee stock options and restricted stock, respectively, due to their anti-dilutive effects.