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SWY » Topics » NOTE D-EARNINGS PER SHARE

This excerpt taken from the SWY 10-Q filed May 1, 2009.

NOTE D–EARNINGS PER SHARE

Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted earnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, restricted stock awards and other dilutive securities.

The following table provides a reconciliation of net earnings and shares used in calculating earnings per basic common share to those used in calculating earnings per diluted common share (in millions, except per-share amounts):

 

     12 Weeks Ended
     March 28, 2009    March 22, 2008
     Diluted    Basic    Diluted    Basic

Net income

    $ 144.2    $ 144.2    $ 193.4    $ 193.4
                           

Weighted average common shares outstanding

      428.0      428.0      439.4      439.4
                   

Common share equivalents

      1.2         3.5   
                   

Weighted average shares outstanding

      429.2         442.9   
                   

Earnings per share

    $ 0.34    $ 0.34    $ 0.44    $ 0.44
                           

Anti-dilutive shares totaling 32.7 million and 18.1 million have been excluded from diluted weighted average shares outstanding for the 12 weeks ended March 28, 2009 and March 22, 2008, respectively.

This excerpt taken from the SWY 10-Q filed Apr 28, 2008.

NOTE D–EARNINGS PER SHARE

Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted earnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, restricted stock awards and other dilutive securities.

The following table provides a reconciliation of net earnings and shares used in calculating earnings per basic common share to those used in calculating earnings per diluted common share (in millions, except per-share amounts):

 

     12 Weeks Ended
     March 22, 2008    March 24, 2007
     Diluted    Basic    Diluted    Basic

Net income

    $ 193.4    $ 193.4    $ 174.4    $ 174.4
                           

Weighted average common shares outstanding

      439.4      439.4      440.3      440.3
                   

Common share equivalents

      3.5         6.1   
                   

Weighted average shares outstanding

      442.9         446.4   
                   

Earnings per share

    $ 0.44    $ 0.44    $ 0.39    $ 0.40
                           

Anti-dilutive shares totaling 18.1 million and 12.3 million have been excluded from diluted weighted average shares outstanding for the 12 weeks ended March 22, 2008 and March 24, 2007, respectively.

 

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SAFEWAY INC. AND SUBSIDIARIES

EXCERPTS ON THIS PAGE:

10-Q
May 1, 2009
10-Q
Apr 28, 2008

RELATED TOPICS for SWY:

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