Question

What are the three types of awards described in Note 21: Share-Based Compensation? Based on the fair value of the awards granted, what was Target’s primary form of share-based compensation for the year ended February 1, 2020? Projections of future performance should be based primarily on continuing operations. What was diluted EPS for continuing operations in each of the most recent three years? For 2019, how many shares were included in diluted earnings per share but not basic earnings per share due to share-based compensation awards?

Answer 1

Note 21: Share-Based Compensation describes three types of awards: stock options, restricted stock units (RSUs), and performance shares. Target's primary form of share-based compensation for the year ended February 1, 2020, was RSUs. The diluted EPS for continuing operations in the most recent three years were provided.

Step-by-step explanation:

Note 21: Share-Based Compensation describes three types of awards: stock options, restricted stock units (RSUs), and performance shares. Based on the fair value of the awards granted, Target's primary form of share-based compensation for the year ended February 1, 2020, was RSUs. Diluted EPS for continuing operations in the most recent three years were as follows: 2019 - $6.36, 2018 - $5.39, and 2017 - $4.64. In 2019, there were 3 million shares included in diluted earnings per share but not basic earnings per share due to share-based compensation awards.