XML 24 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share (Tables)
3 Months Ended
Mar. 22, 2013
Reconciliation of Earnings and Number of Shares Used in Calculation of Basic and Diluted Earnings Per Share

The table below illustrates the reconciliation of the earnings and number of shares used in our calculation of basic and diluted earnings per share.

 

     Twelve Weeks Ended  
(in millions, except per share amounts)    March 22,
2013 (1)
     March 23,
2012  (2)
 

Computation of Basic Earnings Per Share

     

Net income

   $ 18       $ 9   

Weighted average shares outstanding

     35.2         34.0   
  

 

 

    

 

 

 

Basic earnings per share

   $ 0.52       $ 0.25   
  

 

 

    

 

 

 

Computation of Diluted Earnings Per Share

     

Net income

   $ 18       $ 9   
  

 

 

    

 

 

 

Weighted average shares outstanding

     35.2         34.0   

Effect of dilutive securities

     

Employee stock options and SARs

     0.8         0.9   

Restricted stock units

     0.6         0.8   
  

 

 

    

 

 

 

Shares for diluted earnings per share

     36.6         35.7   
  

 

 

    

 

 

 

Diluted earnings per share

   $ 0.50       $ 0.24   
  

 

 

    

 

 

 

 

(1) 

Approximately 229,000 shares of common stock issuable upon the vesting of certain performance-based awards were not included in the computations of diluted earnings per share for the first quarter of 2013, because the performance conditions required for such shares to vest were not achieved by the end of the reporting period.

(2) 

Approximately 157,000 shares of common stock issuable upon the vesting of certain performance-based awards were not included in the computations of diluted earnings per share for the first quarter of 2012, because the performance conditions required for such shares to vest were not achieved by the end of the reporting period.