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NKE » Topics » NOTE 9 - Earnings Per Common Share :

This excerpt taken from the NKE 10-Q filed Apr 9, 2009.

NOTE 9 - Earnings Per Common Share:

The following represents a reconciliation from basic earnings per share to diluted earnings per share. Options to purchase an additional 13.8 million and 6.8 million shares of common stock were outstanding for the three and nine months ended February 28, 2009 and February 29, 2008, respectively, but were not included in the computation of diluted earnings per share because the options were antidilutive.

 

     Three Months Ended
February 28 and 29,		    Nine Months Ended
February 28 and 29,
     2009    2008    2009    2008
     (in millions, except per share data)

Determination of shares:

            

Weighted average common shares outstanding

      484.0      493.9      485.0      497.0

Assumed conversion of dilutive stock options and awards

      4.1      8.6      6.2      8.4
                           

Diluted weighted average common shares outstanding

      488.1      502.5      491.2      505.4
                           

Basic earnings per common share

    $ 0.50    $ 0.94    $ 2.36    $ 2.80

Diluted earnings per common share

    $ 0.50    $ 0.92    $ 2.33    $ 2.76

 

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