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Net Earnings (Loss) Per Share
9 Months Ended
Nov. 29, 2014
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share
NET EARNINGS (LOSS) PER SHARE
Basic net earnings (loss) per share is calculated using net earnings (loss) attributable to SUPERVALU INC. stockholders divided by the weighted average number of shares outstanding during the period. Diluted net earnings (loss) per share is similar to basic net earnings (loss) per share except that the weighted average number of shares outstanding is computed after giving effect to the dilutive impacts of stock-based awards.
The following table reflects the calculation of basic and diluted net earnings (loss) per share:
 
Third Quarter Ended
 
Year-To-Date Ended
 
November 29, 
 2014 
 (12 weeks)
 
November 30, 
 2013 
 (12 weeks)
 
November 29, 
 2014 
 (40 weeks)
 
November 30, 
 2013 
 (40 weeks)
Net earnings (loss) from continuing operations
$
12

 
$
33

 
$
91

 
$
(29
)
Less net earnings attributable to noncontrolling interests
(2
)
 
(1
)
 
(6
)
 
(5
)
Net earnings (loss) from continuing operations attributable to SUPERVALU INC.
10

 
32

 
85

 
(34
)
Income (loss) from discontinued operations, net of tax
69

 
(1
)
 
68

 
190

Net earnings attributable to SUPERVALU INC.
$
79

 
$
31

 
$
153

 
$
156

 
 
 
 
 
 
 
 
Weighted average number of shares outstanding—basic
261

 
259

 
260

 
254

Dilutive impact of stock-based awards
4

 
3

 
3

 
3

Weighted average number of shares outstanding—diluted(1)
265

 
262

 
263

 
257

 
 
 
 
 
 
 
 
Basic net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations
$
0.04

 
$
0.13

 
$
0.33

 
$
(0.13
)
Discontinued operations
$
0.27

 
$
(0.01
)
 
$
0.26

 
$
0.75

Basic net earnings per share
$
0.31

 
$
0.12

 
$
0.59

 
$
0.61

Diluted net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations(1)
$
0.04

 
$
0.12

 
$
0.33

 
$
(0.13
)
Discontinued operations(1)
$
0.26

 
$
(0.01
)
 
$
0.26

 
$
0.74

Diluted net earnings per share
$
0.30

 
$
0.12

 
$
0.58

 
$
0.61

(1)
Weighted average number of shares outstanding—diluted was equal to Weighted average number of shares outstanding—basic for the computation of diluted net loss per share from discontinued operations for the third quarter ended November 30, 2013 and diluted net loss per share from continuing operations for the year-to-date period ended November 30, 2013.
Stock-based awards of 10 and 19 were outstanding during the third quarters ended November 29, 2014 and November 30, 2013, respectively, but were excluded from the calculation of diluted net earnings per share from continuing operations for the periods because their inclusion would be antidilutive. Stock-based awards of 10 and 21 were outstanding during the year-to-date periods ended November 29, 2014 and November 30, 2013, respectively, but were excluded from the calculation of diluted net earnings (loss) per share from continuing operations for the periods because their inclusion would be antidilutive.