TJX , Inc. , an apparel retailer , reported net income ( amounts in thousands ) of $ 502,600 for Year 4. The weighted average of common shares outstanding during Year 4 was 500,000 shares . TJX , Inc. , subtracted interest expense net of tax saving on convertible debt of $ 6,600 . If the convertible debt had been converted into common stock , it would have increased the weighted average common shares outstanding by 16,900 shares . TJX , Inc. , has outstanding stock options that , if exercised , would increase the weighted average of common shares outstanding by 4,900 shares . Also TJX , Inc. , has 4 % , 5,000 shares of $ 10 par value preferred stock outstanding