Earnings per Share

6 Months Ended

Jul. 30, 2011

Earnings per Share

Earnings per Share

5. Earnings per share

	13 weeks ended				26 weeks ended
	July 30, 2011		July 31, 2010		July 30, 2011		July 31, 2010
Net income ($million)		66.3		38.7		141.7		89.0
Basic weighted average number of shares in issue (million)		86.3		85.6		86.1		85.6
Dilutive effect of share options (million)		0.8		0.6		0.8		0.6
Diluted weighted average number of shares in issue (million)		87.1		86.2		86.9		86.2
Earnings per share – basic	$	0.77	$	0.45	$	1.64	$	1.04
Earnings per share – diluted	$	0.76	$	0.45	$	1.63	$	1.03

The basic weighted average number of shares excludes non-vested time based restricted shares, shares held by the Employee Stock Ownership Trust, and Treasury Shares, as such shares are not considered outstanding and do not qualify for dividends. The effect of this is to reduce the average number of shares in the 13 and 26 week periods ended July 30, 2011 by 585,636 and 558,911 shares, respectively (13 and 26 week periods ended July 31, 2010: 312,888 and 279,775 shares, respectively). The calculation of fully diluted earnings per share for the 13 and 26 week periods ended July 30, 2011 excludes options to purchase 288,366 and 311,742 shares, respectively (13 and 26 week periods ended July 31, 2010: 909,717 and 947,767 shares, respectively) on the basis that their effect on earnings per share was anti-dilutive.