Income Per Common Share

6 Months Ended

Oct. 28, 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:

	Second Quarter Ended				Six Months Ended
	October 28, 2012 FY 2013		October 26, 2011 FY 2012		October 28, 2012 FY 2013		October 26, 2011 FY 2012
	(In thousands)
Income from continuing operations attributable to H. J. Heinz Company	$	290,122	$	237,277	$	569,475	$	464,006
Allocation to participating securities(a)	—		428		—		788
Preferred dividends	2		2		5		5
Income from continuing operations applicable to common stock	$	290,120	$	236,847	$	569,470	$	463,213
Average common shares outstanding—basic	320,492		320,876		320,415		321,158
Effect of dilutive securities:
Convertible preferred stock	92		100		92		97
Stock options, restricted stock and the global stock purchase plan	2,474		2,585		2,462		2,655
Average common shares outstanding—diluted	323,058		323,561		322,969		323,910

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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 stock units, and the global stock purchase plan are computed using the treasury stock method.

Options to purchase an aggregate of 0.8 million shares of common stock for the second quarter and six months ended October 28, 2012 and 0.6 million shares of common stock for the second quarter and six months ended October 26, 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 2022