Earnings Per Share

9 Months Ended

Jul. 03, 2011

Earnings Per Share

Earnings Per Share

Note 10: Earnings Per Share

Calculation of net earnings per common share ("EPS") — basic and diluted (in millions, except EPS):

	Quarter Ended				Three Quarters Ended
	July 3, 2011		June 27, 2010		July 3, 2011		June 27, 2010
Net earnings attributable to Starbucks	$	279.1	$	207.9	$	887.4	$	666.7
Weighted average common shares and common stock units outstanding (for basic calculation)		750.5		746.1		748.8		745.8
Dilutive effect of outstanding common stock options and RSUs		21.4		20.6		21.3		19.7
Weighted average common and common equivalent shares outstanding (for diluted calculation)		771.9		766.7		770.1		765.5
EPS — basic	$	0.37	$	0.28	$	1.19	$	0.89
EPS — diluted	$	0.36	$	0.27	$	1.15	$	0.87

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options' exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled 2 million and 8 million as of July 3, 2011 and June 27, 2010, respectively.