XML 33 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Per Share (Tables)
 9 Months Ended
Sep. 07, 2013
Earnings Per Share [Abstract]  
Basic and diluted earnings per common share
The following tables provide reconciliations of net earnings and shares used in calculating income per basic common share to those used in calculating income per diluted common share (in millions, except per-share amounts):
 
12 Weeks Ended
 
September 7, 2013
 
September 8, 2012
 
Diluted
 
Basic
 
Diluted
 
Basic
Income from continuing operations, net of tax
$
18.5

 
$
18.5

 
$
39.0

 
$
39.0

Noncontrolling interests
(0.6
)
 
(0.6
)
 
—

 
—

Income from continuing operations attributable to Safeway Inc.
17.9

 
17.9

 
39.0

 
39.0

Distributed and undistributed earnings allocated to participating securities
(0.2
)
 
(0.2
)
 
(0.3
)
 
(0.3
)
Income from continuing operations available to common stockholders
17.7

 
17.7

 
38.7

 
38.7

 
 
 
 
 
 
 
 
Income from discontinued operations, net of tax
47.9

 
47.9

 
118.0

 
118.0

Distributed and undistributed earnings allocated to participating securities
(0.5
)
 
(0.5
)
 
(0.8
)
 
(0.8
)
Income from discontinued operations available to common stockholders
47.4

 
47.4

 
117.2

 
117.2

 
 
 
 
 
 
 
 
Net income
$
65.8

 
$
65.8

 
$
157.0

 
$
157.0

Distributed and undistributed earnings allocated to participating securities
(0.7
)
 
(0.7
)
 
(1.1
)
 
(1.1
)
Net income available to common stockholders after earnings allocated to participating securities
$
65.1

 
$
65.1

 
$
155.9

 
$
155.9

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
239.4

 
239.4

 
237.1

 
237.1

Common share equivalents
2.2

 
 
 
—

 
 
Weighted average shares outstanding
241.6

 
 
 
237.1

 
 
 


 


 


 


Earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.07

 
$
0.07

 
$
0.16

 
$
0.16

Discontinued operations
0.20

 
0.20

 
0.50

 
0.50

           Total
$
0.27

 
$
0.27

 
$
0.66

 
$
0.66

Anti-dilutive shares totaling 8.1 million and 27.9 million have been excluded from diluted weighted average shares outstanding for the 12 weeks ended September 7, 2013 and September 8, 2012, respectively.



 
36 Weeks Ended
 
September 7, 2013
 
September 8, 2012
 
Diluted
 
Basic
 
Diluted
 
Basic
Income from continuing operations, net of tax
$
131.4

 
$
131.4

 
$
116.8

 
$
116.8

Noncontrolling interests
(0.9
)
 
(0.9
)
 
(0.3
)
 
(0.3
)
Income from continuing operations attributable to Safeway Inc.
130.5

 
130.5

 
116.5

 
116.5

Distributed and undistributed earnings allocated to participating securities
(1.4
)
 
(1.4
)
 
(1.0
)
 
(1.0
)
Income from continuing operations available to common stockholders
129.1

 
129.1

 
115.5

 
115.5

 
 
 
 
 
 
 
 
Income from discontinued operations, net of tax
62.6

 
62.6

 
236.0

 
236.0

Distributed and undistributed earnings allocated to participating securities
(0.7
)
 
(0.7
)
 
(2.0
)
 
(2.0
)
Income from discontinued operations available to common stockholders
61.9

 
61.9

 
234.0

 
234.0

 
 
 
 
 
 
 
 
Net income
$
193.1

 
$
193.1

 
$
352.5

 
$
352.5

Distributed and undistributed earnings allocated to participating securities
(2.1
)
 
(2.1
)
 
(3.0
)
 
(3.0
)
Net income available to common stockholders after earnings allocated to participating securities
$
191.0

 
$
191.0

 
$
349.5

 
$
349.5

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
238.5

 
238.5

 
249.4

 
249.4

Common share equivalents
1.8

 
 
 
0.2

 
 
Weighted average shares outstanding
240.3

 
 
 
249.6

 
 
 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
0.54

 
$
0.54

 
$
0.46

 
$
0.46

Discontinued operations
0.25

 
0.26

 
0.94

 
0.94

           Total
$
0.79

 
$
0.80

 
$
1.40

 
$
1.40

Anti-dilutive shares totaling 13.9 million and 21.7 million have been excluded from diluted weighted average shares outstanding for the 36 weeks ended September 7, 2013 and September 8, 2012, respectively.