Income Per Common Share

3 Months Ended

Jul. 29, 2012

Earnings Per Share [Abstract]

Income Per Common Share

Income Per Common Share

The following are reconciliations of income from continuing operations to income from continuing operations applicable to common stock and the number of common shares outstanding used to calculate basic earnings per share to those shares used to calculate diluted earnings per share:

	First Quarter Ended
	July 29, 2012 FY 2013		July 27, 2011 FY 2012
	(In thousands)
Income from continuing operations attributable to H. J. Heinz Company	$	279,353	$	226,729
Allocation to participating securities(a)	—		360
Preferred dividends	3		3
Income from continuing operations applicable to common stock	$	279,350	$	226,366
Average common shares outstanding—basic	320,293		321,411
Effect of dilutive securities:
Convertible preferred stock	92		101
Stock options, restricted stock and the global stock purchase plan	2,458		2,734
Average common shares outstanding—diluted	322,843		324,246

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(a) Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

Diluted earnings per share is based upon the average shares of common stock and dilutive common stock equivalents outstanding during the periods presented. Common stock equivalents arising from dilutive stock options, restricted common stock units, and the global stock purchase plan are computed using the treasury stock method.

Options to purchase an aggregate of 0.5 million and 0.2 million shares of common stock for the first quarters endedJuly 29, 2012 and July 27, 2011 were not included in the computation of diluted earnings per share because inclusion of these options would be anti-dilutive. These options expire at various points in time through 2018