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Earnings (Loss) Per Share
12 Months Ended
Mar. 02, 2013
Earnings (Loss) Per Share
13.   EARNINGS (LOSS) PER SHARE

The following table sets forth the computation of basic and diluted earnings (loss) per share:

 

     For the year ended  
     March 2,
2013
    March 3,
2012
    February 26,
2011
 

Net income (loss) for basic and diluted earnings (loss) per share available to common shareholders from continuing operations

   $ (628   $ 1,171      $ 3,411   
  

 

 

   

 

 

   

 

 

 

Net loss for basic and diluted loss per share available to common shareholders from discontinued operations

   $ (18   $ (7   $ —     
  

 

 

   

 

 

   

 

 

 

Weighted-average number of shares outstanding (000’s) - basic

     524,160        524,101        535,986   

Effect of dilutive securities (000’s) - stock-based compensation

     —          89        2,344   
  

 

 

   

 

 

   

 

 

 

Weighted-average number of shares and assumed conversions (000’s) - diluted

     524,160        524,190        538,330   
  

 

 

   

 

 

   

 

 

 

Earnings (loss) per share - reported Basic earnings (loss) per share from continuing operations

   $ (1.20   $ 2.23      $ 6.36   

Basic loss per share from discontinued operations

     (0.03     (0.01     —     
  

 

 

   

 

 

   

 

 

 

Total basic earnings (loss) per share

   $ (1.23   $ 2.22      $ 6.36   
  

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) per share from continuing operations

   $ (1.20   $ 2.23      $ 6.34   

Diluted loss per share from discontinued operations

     (0.03     (0.01     —     
  

 

 

   

 

 

   

 

 

 

Total diluted earnings (loss) per share

   $ (1.23   $ 2.22      $ 6.34   
  

 

 

   

 

 

   

 

 

 

As discussed in the stock-based compensation note above, during fiscal 2013 there were 6,897,616 RSUs granted that will be settled upon vesting by the issuance of new common shares. These RSUs were not incorporated into the calculation of diluted earnings per share for fiscal 2013 as to do so would have been antidilutive; however, these securities may have a dilutive effect on earnings (loss) per share in future periods.