ROST » Topics » Earnings per share.

These excerpts taken from the ROST 10-Q filed Jun 10, 2009.

Note D: Earnings Per Share

SFAS No. 128, “Earnings Per Share,” requires earnings per share (“EPS”) to be computed and reported as both basic EPS and diluted EPS. Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period. Dilutive EPS reflects the total potential dilution that could occur from outstanding equity plan awards, including unexercised stock options and unvested shares of both performance and non-performance based awards of restricted stock.

For the three month periods ended May 2, 2009 and May 3, 2008, there were approximately 541,600 and 692,400 weighted average shares, respectively, that could potentially dilute basic EPS in the future that were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive in the periods presented.

The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations:

  Three Months Ended
          Effect of Dilutive        
  Basic Common Stock Diluted  
  Shares in (000s) EPS Equivalents EPS  
  May 2, 2009        
       Shares 124,692   1,872   126,564  
       Amount $ 0.73 $ (0.01)   $ 0.72  
                 
  May 3, 2008          
       Shares 131,319     1,995   133,314  
       Amount $ 0.61 $ (0.01)     $ 0.60  
                  

Earnings per share. Diluted earnings per share for the three month period ended May 2, 2009 were $0.72 compared to $0.60 in the prior year period. The 20% increase in diluted earnings per share is attributable to a 15% increase in net earnings and a 5% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program.

These excerpts taken from the ROST 10-K filed Mar 31, 2009.
Earnings per share. Diluted earnings per share in fiscal 2008 were $2.33, compared to $1.90 in fiscal 2007. This 23% increase in diluted earnings per share is attributable to an approximate 17% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding, largely due to the repurchase of common stock under our stock repurchase program. Diluted earnings per share in fiscal 2007 were $1.90, compared to $1.70 in fiscal 2006 on a 53-week basis. This 12% increase in diluted earnings per share is attributable to an approximate 8% increase in net earnings and a 3% reduction in weighted average diluted shares outstanding, largely due to the repurchase of common stock under our stock repurchase program.

Earnings per share.
Diluted earnings per share in fiscal
2008 were $2.33, compared to $1.90 in fiscal 2007. This 23% increase in diluted
earnings per share is attributable to an approximate 17% increase in net
earnings and a 4% reduction in weighted average diluted shares outstanding,
largely due to the repurchase of common stock under our stock repurchase
program. Diluted earnings per share in fiscal 2007 were $1.90, compared to $1.70
in fiscal 2006 on a 53-week basis. This 12% increase in diluted earnings per
share is attributable to an approximate 8% increase in net earnings and a 3%
reduction in weighted average diluted shares outstanding, largely due to the
repurchase of common stock under our stock repurchase program.


This excerpt taken from the ROST 10-Q filed Dec 10, 2008.
Earnings per share. Diluted earnings per share for the three months ended November 1, 2008 were $0.44 compared to $0.36 in the prior year period. The 22% increase in diluted earnings per share is attributable to an 18% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program. Diluted earnings per share for the nine months ended November 1, 2008 were $1.57 compared to $1.21 in the prior year period. The 30% increase in diluted earnings per share is attributable to a 25% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program.

This excerpt taken from the ROST 10-Q filed Sep 10, 2008.
Earnings per share. Diluted earnings per share for the three months ended August 2, 2008 were $0.54 compared to $0.37 in the prior year period. The 46% increase in diluted earnings per share is attributable to a 40% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program. Diluted earnings per share for the six months ended August 2, 2008 were $1.13 compared to $0.85 in the prior year period. The 33% increase in diluted earnings per share is attributable to a 28% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program.

15


This excerpt taken from the ROST 10-Q filed Jun 11, 2008.
Earnings per share. Diluted earnings per share for the three months ended May 3, 2008 were $0.60 compared to $0.48 in the prior year period. The 25% increase in diluted earnings per share is attributable to a 19% increase in net earnings and a 4% reduction in weighted average diluted shares outstanding primarily due to the repurchase of common stock under our stock repurchase program.

These excerpts taken from the ROST 10-K filed Apr 1, 2008.
Earnings per share. Diluted earnings per share in fiscal 2007 were $1.90, compared to $1.70 in fiscal 2006 on a 53-week basis. This 12% increase in diluted earnings per share is attributable to an approximate 8% increase in net earnings and a 3% reduction in weighted average diluted shares outstanding, largely due to the repurchase of common stock under our stock repurchase program. Diluted earnings per share in fiscal 2006 were $1.70, compared to $1.36 in fiscal 2005. This 25% increase in diluted earnings per share is attributable to an approximate 21% increase in net earnings and a 3% reduction in weighted average diluted shares outstanding largely due to the repurchase of common stock under our stock repurchase program.

20


Earnings per share.
Diluted earnings per share in fiscal
2007 were $1.90, compared to $1.70 in fiscal 2006 on a 53-week basis. This 12%
increase in diluted earnings per share is attributable to an approximate 8%
increase in net earnings and a 3% reduction in weighted average diluted shares
outstanding, largely due to the repurchase of common stock under our stock
repurchase program. Diluted earnings per share in fiscal 2006 were $1.70,
compared to $1.36 in fiscal 2005. This 25% increase in diluted earnings per
share is attributable to an approximate 21% increase in net earnings and a 3%
reduction in weighted average diluted shares outstanding largely due to the
repurchase of common stock under our stock repurchase program.


20





This excerpt taken from the ROST 10-Q filed Dec 12, 2007.
Earnings per share. Diluted earnings per share increased 16% to $0.36 for the three months ended November 3, 2007, from $0.31 in the prior year period, and increased 16% to $1.21 for the nine-month period ended November 3, 2007 from $1.04 in the prior year period. The growth for the quarter was due to an 11% increase in net earnings and a 3% decline in weighted average diluted shares outstanding, which was largely attributable to the repurchase of common stock under the Company’s stock repurchase program. The growth for the year-to-date period was due to a 12% increase in net earnings and a 3% decline in weighted average diluted shares outstanding, which was largely attributable to the repurchase of common stock under the Company’s stock repurchase program.

14


This excerpt taken from the ROST 10-Q filed Sep 12, 2007.
Earnings per share. Diluted earnings per share increased 16% to $.37 for the three months ended August 4, 2007, from $.32 in the prior year period, and increased 16% to $.85 for the six-month period ended August 4, 2007 from $.73 in the prior year period. The growth for both the quarter and year-to-date periods was due to a 13% increase in net earnings and a 3% decline in weighted average diluted shares outstanding, which was largely attributable to the repurchase of common stock under the Company’s stock repurchase program.

14


This excerpt taken from the ROST 10-Q filed Jun 13, 2007.
Earnings per share. Diluted earnings per share increased 17% to $.48 for the three months ended May 5, 2007, from $.41 in the prior year period. This growth was due to a 14% increase in net earnings and a 3% decline in weighted average diluted shares outstanding, which was largely attributable to the repurchase of common stock under the Company’s stock repurchase program.

This excerpt taken from the ROST 10-K filed Apr 3, 2007.
Earnings per share. Diluted earnings per share in fiscal 2006 was $1.70, compared to $1.36 in fiscal 2005. This 25% increase in diluted earnings per share is attributable to an approximate 21% increase in net earnings and a 3% reduction in weighted average diluted shares outstanding, largely due to the repurchase of common stock under our stock repurchase program. Diluted earnings per share in fiscal 2005 was $1.36, compared to $1.13 in fiscal 2004, inclusive of the $.06 impairment charge related to the sale of our Newark Facility and $.01 related to lease accounting adjustments attributable to the prior fiscal year. This increase in diluted earnings per share is due to an approximate 17% increase in net earnings and a 3% reduction in weighted average diluted shares outstanding.

This excerpt taken from the ROST 10-Q filed Dec 6, 2006.

Note C:  Earnings Per Share

SFAS No. 128, “Earnings Per Share,” requires both basic and diluted earnings per share (“EPS”) to be computed and reported.  Basic EPS is computed by dividing net earnings by the weighted average number of common shares outstanding for the period.  Diluted EPS is computed by dividing net earnings by the sum of the weighted average number of common shares and dilutive common stock equivalents outstanding during the period.  Dilutive EPS reflects the potential dilution that could occur if outstanding options to issue common stock were exercised into common stock.

For the three and nine months ended October 28, 2006, there were approximately 4,087,500 and 3,757,800 shares, respectively, that could potentially dilute basic EPS in the future that were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive in the periods presented.  For the three and nine months ended October 29, 2005, there were approximately 3,464,400 and 2,767,900 shares, respectively, that could potentially dilute basic EPS in the future that were excluded from the calculation of diluted EPS because their effect would have been anti-dilutive in the periods presented.

9


The following is a reconciliation of the number of shares (denominator) used in the basic and diluted EPS computations (shares in thousands):

 

 

Three Months Ended

 

Nine Months Ended

 

 

 


 


 

 

 

Basic
EPS

 

Effect of Dilutive
Common Stock
Equivalents

 

Diluted
EPS

 

Basic
EPS

 

Effect of Dilutive
Common Stock
Equivalents

 

Diluted
EPS

 

 

 


 


 


 


 


 


 

October 28, 2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

138,570

 

 

2,317

 

 

140,887

 

 

140,184

 

 

2,488

 

 

142,672

 

Amount

 

$

.32

 

$

(.01

)

$

.31

 

$

1.06

 

$

(.02

)

$

1.04

 

October 29, 2005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

 

 

143,753

 

 

1,906

 

 

145,659

 

 

144,954

 

 

2,196

 

 

147,150

 

Amount

 

$

.25

 

$

.00

 

$

.25

 

$

.89

 

$

(.02

)

$

.87

 

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