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Net Earnings (Loss) Per Share
12 Months Ended
Feb. 25, 2012
Net Earnings (Loss) Per Share [Abstract]  
NET EARNINGS (LOSS) PER SHARE

NOTE 11—NET EARNINGS (LOSS) PER SHARE

The following table reflects the calculation of basic and diluted net earnings (loss) per share:

 

 

                         
    2012     2011     2010  

Net earnings (loss) per share—basic:

                       

Net earnings (loss)

  $ (1,040   $ (1,510   $ 393  

Deduct: undistributed net earnings allocable to contingently convertible debentures

                 
   

 

 

   

 

 

   

 

 

 

Net earnings (loss) available to common stockholders

  $ (1,040   $ (1,510   $ 393  
   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding—basic

    212       212       212  

Net earnings (loss) per share—basic

  $ (4.91   $ (7.13   $ 1.86  

Net earnings (loss) per share—diluted:

                       

Net earnings (loss)

  $ (1,040   $ (1,510   $ 393  

Interest related to dilutive contingently convertible debentures, net of tax

                1  
   

 

 

   

 

 

   

 

 

 

Net earnings (loss) used for diluted net earnings per share calculation

  $ (1,040   $ (1,510   $ 394  
   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding—basic

    212       212       212  

Dilutive impact of options and restricted stock outstanding

                1  

Dilutive impact of convertible securities

                 
   

 

 

   

 

 

   

 

 

 

Weighted average shares outstanding—diluted

    212       212       213  
   

 

 

   

 

 

   

 

 

 

Net earnings (loss) per share—diluted

  $ (4.91   $ (7.13   $ 1.85  

Options and restricted stock of 21, 24 and 22 shares were outstanding during fiscal 2012, 2011 and 2010, respectively, but were excluded from the computation of diluted net earnings per share because they were antidilutive.