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Net Earnings (Loss) Per Share
9 Months Ended
Dec. 03, 2016
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Share
NOTE 10—NET (LOSS) EARNINGS PER SHARE
Basic net (loss) earnings per share is calculated using net (loss) earnings attributable to SUPERVALU INC. divided by the weighted average number of shares outstanding during the period. Diluted net (loss) earnings per share is similar to basic net (loss) 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, if any.
The following table reflects the calculation of basic and diluted net (loss) earnings per share:
 
Third Quarter Ended
 
Year-To-Date Ended
 
December 3, 
 2016 
 (12 weeks)
 
December 5, 
 2015 
 (12 weeks)
 
December 3, 
 2016 
 (40 weeks)
 
December 5, 
 2015 
 (40 weeks)
Net (loss) earnings from continuing operations
$
(11
)
 
$
16

 
$
21

 
$
54

Less net earnings attributable to noncontrolling interests
(1
)
 
(1
)
 
(3
)
 
(6
)
Net (loss) earnings from continuing operations attributable to SUPERVALU INC.
(12
)
 
15

 
18

 
48

(Loss) income from discontinued operations, net of tax
(14
)
 
19

 
33

 
78

Net (loss) earnings attributable to SUPERVALU INC.
$
(26
)
 
$
34

 
$
51

 
$
126

 
 
 
 
 
 
 
 
Weighted average number of shares outstanding—basic
265

 
264

 
265

 
263

Dilutive impact of stock-based awards

 
4

 
2

 
5

Weighted average number of shares outstanding—diluted
265

 
268

 
267

 
268

 
 
 
 
 
 
 
 
Basic net (loss) earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
(0.04
)
 
$
0.05

 
$
0.07

 
$
0.18

Discontinued operations
$
(0.06
)
 
$
0.07

 
$
0.12

 
$
0.30

Basic net (loss) earnings per share
$
(0.10
)
 
$
0.13

 
$
0.19

 
$
0.48

Diluted net (loss) earnings per share attributable to SUPERVALU INC.:
Continuing operations
$
(0.04
)
 
$
0.05

 
$
0.07

 
$
0.18

Discontinued operations
$
(0.06
)
 
$
0.07

 
$
0.12

 
$
0.29

Diluted net (loss) earnings per share
$
(0.10
)
 
$
0.13

 
$
0.19

 
$
0.47


Stock-based awards of 17 and 12 that were outstanding during the third quarters of fiscal 2017 and 2016, respectively, were excluded from the calculation of diluted net (loss) earnings per share from continuing operations for the periods because their inclusion would be antidilutive. Stock-based awards of 16 and 10 were outstanding during fiscal 2017 and 2016 year-to-date, respectively, but were excluded from the calculation of diluted net (loss) earnings per share from continuing operations for the periods because their inclusion would be antidilutive.