This excerpt taken from the SWY 8-K filed Feb 25, 2010.
IMPAIRMENT CHARGE
Fourth Quarter 2009
Fiscal 2009
Net loss, as reported
$
(1,609.1
)
$
(1,097.5
)
Add goodwill impairment charge
1,974.2
1,974.2
Less tax benefit from goodwill impairment charge*
(156.0
)
(156.0
)
Net income, excluding goodwill impairment charge
$
209.1
$
720.7
Diluted loss per share, as reported
$
(4.06
)
$
(2.66
)
Less goodwill impairment charge per diluted share
4.59
4.40
Diluted earnings per share, excluding goodwill impairment charge
$
0.53
$
1.74
Weighted shares outstanding used for diluted loss per share, as reported
396.7
412.9
Add common share equivalents
1.5
1.2
Weighted average shares outstanding used for diluted earnings per share, excluding goodwill impairment charge
398.2
414.1
*
Represents the tax deduction from the impairment of goodwill that arose from taxable asset acquisitions, tax-affected at Safeway’s incremental rate of 38.6%.
