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Net Earnings (Loss) Per Share
 4 Months Ended
Jun. 18, 2016
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share
NOTE 9—NET EARNINGS PER SHARE
Basic net earnings per share is calculated using net earnings attributable to SUPERVALU INC. divided by the weighted average number of shares outstanding during the period. Diluted net earnings per share is similar to basic net earnings 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 per share:
 
First Quarter Ended
 
June 18, 
 2016 
 (16 weeks)
 
June 20, 
 2015 
 (16 weeks)
Net earnings from continuing operations
$
47

 
$
63

Less net earnings attributable to noncontrolling interests
(1
)
 
(3
)
Net earnings from continuing operations attributable to SUPERVALU INC.
46

 
60

Income from discontinued operations, net of tax
—

 
1

Net earnings attributable to SUPERVALU INC.
$
46

 
$
61

 
 
 
 
Weighted average number of shares outstanding—basic
264

 
262

Dilutive impact of stock-based awards
3

 
6

Weighted average number of shares outstanding—diluted
267

 
268

 
 
 
 
Basic net earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
0.17

 
$
0.23

Discontinued operations
$
—

 
$
—

Basic net earnings per share
$
0.17

 
$
0.23

Diluted net earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
0.17

 
$
0.23

Discontinued operations
$
—

 
$
—

Diluted net earnings per share
$
0.17

 
$
0.23


Stock-based awards of 17 and 6 that were outstanding during the first quarters of fiscal 2017 and 2016, respectively, were excluded from the calculation of diluted net earnings per share from continuing operations for the periods because their inclusion would be antidilutive.