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This excerpt taken from the HBI 10-Q filed May 14, 2007. (2) Earnings
Per Share
Basic earnings per share (“EPS”) was computed by
dividing net income by the number of weighted average shares of
common stock outstanding during the first quarter ended
March 31, 2007. Diluted EPS was calculated to give effect
to all potentially dilutive shares of common stock. Outstanding
stock options and restricted stock units represent the only
potentially dilutive effects on the Company’s weighted
average shares. For the first quarter ended March 31, 2007,
options to purchase 2,554 shares of common stock were
excluded from the diluted earnings per share calculation because
their effect would be anti-dilutive. For the first quarter ended
March 31, 2007, there were 630 dilutive securities (options
to purchase 171 shares of common stock and 459 restricted
stock units) for purposes of computing diluted EPS.
For the first quarter ended April 1, 2006, basic and
diluted EPS were computed using the number of shares of
Hanesbrands stock outstanding on September 5, 2006, the
date on which Hanesbrands common stock was distributed to
stockholders of Sara Lee in connection with the spin off.
Table of Contents
HANESBRANDS
Notes to Condensed Consolidated Financial Statements — (Continued) (dollars and shares in thousands, except per share data) (unaudited)
This excerpt taken from the HBI 10-Q filed Nov 13, 2006. (2) Earnings
Per Share
Basic earnings per share (“EPS”) was computed by
dividing net income by the number of weighted average shares of
common stock outstanding during the quarter ended
September 30, 2006. Diluted EPS was calculated to give
effect to all potentially dilutive shares of common stock.
Outstanding stock options and restricted stock units represent
the only potentially dilutive effects on the Company’s
weighted average shares. There were no shares excluded from the
calculation as a result of being anti-dilutive.
For the quarter ended September 30, 2006, there were 13
dilutive shares for purposes of computing diluted EPS. For the
quarter ended October 1, 2005, basic and diluted EPS were
computed using the number of shares of Hanesbrands stock
outstanding on September 5, 2006, the date on which
Hanesbrands common stock was distributed to stockholders of Sara
Lee.
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