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Net Earnings (Loss) Per Share
4 Months Ended
Jun. 20, 2015
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share
NOTE 9—NET EARNINGS (LOSS) PER SHARE
Basic net earnings (loss) per share is calculated using net earnings (loss) attributable to SUPERVALU INC. 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:
 
First Quarter Ended
 
June 20, 
 2015 
 (16 weeks)
 
June 14, 
 2014 
 (16 weeks)
Net earnings from continuing operations
$
63

 
$
48

Less net earnings attributable to noncontrolling interests
(3
)
 
(2
)
Net earnings from continuing operations attributable to SUPERVALU INC.
60

 
46

Income (loss) from discontinued operations, net of tax
1

 
(3
)
Net earnings attributable to SUPERVALU INC.
$
61

 
$
43

 
 
 
 
Weighted average number of shares outstanding—basic
262

 
260

Dilutive impact of stock-based awards
6

 
2

Weighted average number of shares outstanding—diluted(1)
268

 
262

 
 
 
 
Basic net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations
$
0.23

 
$
0.18

Discontinued operations
$

 
$
(0.01
)
Basic net earnings per share
$
0.23

 
$
0.17

Diluted net earnings (loss) per share attributable to SUPERVALU INC.:
Continuing operations
$
0.23

 
$
0.18

Discontinued operations(1)
$

 
$
(0.01
)
Diluted net earnings per share
$
0.23

 
$
0.17

(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 first quarter ended June 14, 2014.
Stock-based awards of 6 and 17 that were outstanding during the first quarters ended June 20, 2015 and June 14, 2014, respectively, were excluded from the calculation of diluted net earnings per share from continuing operations for the periods because their inclusion would be antidilutive.