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Income Per Share
 3 Months Ended 12 Months Ended
Mar. 22, 2014
Dec. 28, 2013
Earnings Per Share [Abstract]    
Income Per Share
(LOSS) INCOME PER SHARE
The following tables provide reconciliations of net earnings and shares used in calculating (loss) income per basic common share to those used in calculating (loss) income per diluted common share (in millions, except per-share amounts):
 
12 Weeks Ended
 
March 22, 2014
 
March 23, 2013
 
Diluted
 
Basic
 
Diluted
 
Basic
(Loss) income from continuing operations, net of tax
$
(83.7
)
 
$
(83.7
)
 
$
59.6

 
$
59.6

Distributed and undistributed earnings allocated to participating securities
(0.4
)
 
(0.4
)
 
(0.6
)
 
(0.6
)
(Loss) income from continuing operations available to common stockholders
(84.1
)
 
(84.1
)
 
59.0

 
59.0

 
 
 
 
 
 
 
 
(Loss) income from discontinued operations, net of tax
(14.9
)
 
(14.9
)
 
59.2

 
59.2

Noncontrolling interests
1.0

 
1.0

 
0.1

 
0.1

(Loss) income from discontinued operations, attributable to Safeway Inc.
(13.9
)
 
(13.9
)
 
59.3

 
59.3

Distributed and undistributed earnings allocated to participating securities
—

 
—

 
(0.6
)
 
(0.6
)
Income from discontinued operations available to common stockholders
(13.9
)
 
(13.9
)
 
58.7

 
58.7

 
 
 
 
 
 
 
 
Net (loss) income
$
(97.6
)
 
$
(97.6
)
 
$
118.9

 
$
118.9

Distributed and undistributed earnings allocated to participating securities
(0.4
)
 
(0.4
)
 
(1.2
)
 
(1.2
)
Net (loss) income available to common stockholders after earnings allocated to participating securities
$
(98.0
)
 
$
(98.0
)
 
$
117.7

 
$
117.7

 
 
 
 
 
 
 
 
Weighted average common shares outstanding
228.1

 
228.1

 
237.4

 
237.4

Common share equivalents
—

 
 
 
1.2

 
 
Weighted average shares outstanding
228.1

 
 
 
238.6

 
 
 


 


 


 


(Loss) earnings per common share:
 
 
 
 
 
 
 
Continuing operations
$
(0.37
)
 
$
(0.37
)
 
$
0.25

 
$
0.25

Discontinued operations
(0.06
)
 
(0.06
)
 
0.24

 
0.25

           Total
$
(0.43
)
 
$
(0.43
)
 
$
0.49

 
$
0.50


Anti-dilutive shares totaling 3.9 million and 17.0 million have been excluded from diluted weighted average shares outstanding for the 12 weeks ended March 22, 2014 and March 23, 2013, respectively.
Income Per Share
The Company computes earnings per share under the two-class method, which is a method of computing earnings per share when an entity has both common stock and participating securities. Unvested restricted stock is considered a participating security because it contains rights to receive nonforfeitable dividends at the same rate as common stock. Under the two-class method, the calculation of basic and diluted earnings per common share excludes the income attributable to participating securities. Additionally, the weighted average shares outstanding exclude the impact of participating securities.
The following table provides 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)
2013
 
2012
 
2011
 
Diluted
Basic
 
Diluted
Basic
 
Diluted
Basic
Income from continuing operations, net of tax
$
217.1

$
217.1

 
$
249.2

$
249.2

 
$
329.5

$
329.5

Distributed and undistributed earnings allocated to participating securities
(2.1
)
(2.1
)
 
(2.3
)
(2.3
)
 
(2.4
)
(2.4
)
Income from continuing operations available to common stockholders
215.0

215.0

 
246.9

246.9

 
327.1

327.1

 
 
 
 
 
 
 
 
 
Income from discontinued operations, net of tax
3,305.1

3,305.1

 
348.9

348.9

 
188.7

188.7

Noncontrolling interest
(14.7
)
(14.7
)
 
(1.6
)
(1.6
)
 
(1.5
)
(1.5
)
Income from discontinued operations attributable to Safeway Inc.
3,290.4

3,290.4

 
347.3

347.3

 
187.2

187.2

Distributed and undistributed earnings allocated to participating securities
(32.1
)
(32.1
)
 
(3.1
)
(3.1
)
 
(1.4
)
(1.4
)
Income from discontinued operations available to common stockholders
3,258.3

3,258.3

 
344.2

344.2

 
185.8

185.8

 
 
 
 
 
 
 
 
 
Net income
$
3,507.5

$
3,507.5

 
$
596.5

$
596.5

 
$
516.7

$
516.7

Distributed and undistributed earnings allocated to participating securities
(34.2
)
(34.2
)
 
(5.4
)
(5.4
)
 
(3.8
)
(3.8
)
Net income available to common stockholders after earnings allocated to participating securities
$
3,473.3

$
3,473.3

 
$
591.1

$
591.1

 
$
512.9

$
512.9

 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
239.1

239.1

 
245.6

245.6

 
343.4

343.4

Common share equivalents
2.4

 
 
0.3

 
 
0.4

 
Weighted-average shares outstanding
241.5

 
 
245.9

 
 
343.8

 
 
 
 
 
 
 
 
 
 
Earnings per common share:
 
 
 
 
 
 
 
 
Continuing operations
$
0.89

$
0.90

 
$
1.00

$
1.01

 
$
0.95

$
0.95

Discontinued operations
$
13.49

$
13.63

 
$
1.40

$
1.40

 
$
0.54

$
0.54

Total
$
14.38

$
14.53

 
$
2.40

$
2.41

 
$
1.49

$
1.49



Anti-dilutive shares totaling 7.8 million in 2013, 21.6 million in 2012 and 25.1 million in 2011 have been excluded from diluted weighted-average shares outstanding.