Income Per Common Share

9 Months Ended

Jan. 25, 2012

Earnings Per Share [Abstract]

Income Per Common Share

Income Per Common Share

The following are reconciliations of income to income applicable to common stock and the number of common shares outstanding used to calculate basic EPS to those shares used to calculate diluted EPS:

	Third Quarter Ended				Nine Months Ended
	January 25, 2012 FY 2012		January 26, 2011 FY 2011		January 25, 2012 FY 2012		January 26, 2011 FY 2011
	(In Thousands)
Income attributable to H. J. Heinz Company	$	284,694	$	273,785	$	747,817	$	765,647
Allocation to participating securities(a)	1,151		630		1,939		1,583
Preferred dividends	3		3		8		9
Income applicable to common stock	$	283,540	$	273,152	$	745,870	$	764,055
Average common shares outstanding—basic	320,159		321,277		320,850		319,613
Effect of dilutive securities:
Convertible preferred stock	102		104		96		104
Stock options, restricted stock and the global stock purchase plan	2,452		2,818		2,592		2,844
Average common shares outstanding—diluted	322,713		324,199		323,538		322,561

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(a) Represents unvested share-based payment awards that contain certain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid).

Diluted earnings per share is based upon the average shares of common stock and dilutive common stock equivalents outstanding during the periods presented. Common stock equivalents arising from dilutive stock options, restricted common stock units, and the global stock purchase plan are computed using the treasury stock method.

Options to purchase an aggregate of 0.7 million shares of common stock for the third quarter and nine months endedJanuary 25, 2012 and 2.3 million shares of common stock for the third quarter and nine months endedJanuary 26, 2011 were not included in the computation of diluted earnings per share because inclusion of these options would be anti-dilutive. These options expire at various points in time through 2018