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EARNINGS PER COMMON SHARE
 9 Months Ended
Nov. 09, 2013
EARNINGS PER COMMON SHARE  
EARNINGS PER COMMON SHARE

5.              EARNINGS PER COMMON SHARE

 

Net earnings attributable to The Kroger Co. per basic common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding. Net earnings attributable to The Kroger Co. per diluted common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding, after giving effect to dilutive stock options. The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

 

 

 

Third Quarter Ended

 

Third Quarter Ended

 

 

 

November 9, 2013

 

November 3, 2012

 

 

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Net earnings attributable to The Kroger Co. per basic common share 

 

$

297

 

515

 

$

0.58

 

$

314

 

518

 

$

0.61

 

Dilutive effect of stock options

 

 

 

6

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share 

 

$

297

 

521

 

$

0.57

 

$

314

 

522

 

$

0.60

 

 

 

 

Three Quarters Ended

 

Three Quarters Ended

 

 

 

November 9, 2013

 

November 3, 2012

 

 

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Net earnings attributable to The Kroger Co. per basic common share 

 

$

1,088

 

515

 

$

2.11

 

$

1,027

 

539

 

$

1.90

 

Dilutive effect of stock options

 

 

 

6

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share 

 

$

1,088

 

521

 

$

2.09

 

$

1,027

 

543

 

$

1.89

 

 

The Company had combined undistributed and distributed earnings to participating securities totaling $2 in the third quarter of 2013 and $3 in the third quarter of 2012.  For the first three quarters of 2013 and 2012, the Company had combined undistributed and distributed earnings to participating securities of $9 and $8, respectively.

 

The Company had options outstanding for approximately 4 and 14 shares during the third quarters of 2013 and 2012, respectively, which were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.  The Company had options outstanding for approximately 2 shares in the first three quarters of 2013 and 12 shares in the first three quarters of 2012 that were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.