(LOSS) INCOME PER SHARE

The following tables provide reconciliations of net earnings and shares used in calculating income (loss) per basic common share to those used in calculating income (loss) per diluted common share (in millions, except per-share amounts):



	12 Weeks Ended
	September 6, 2014						September 7, 2013
	Diluted			Basic			Diluted			Basic
(Loss) income from continuing operations, net of tax	$	(21.2	)	$	(21.2	)	$	23.4		$	23.4
Distributed and undistributed earnings allocated to participating securities	—			—			(0.2		)	(0.2		)
(Loss) income from continuing operations available to common stockholders	(21.2		)	(21.2		)	23.2			23.2

Income from discontinued operations, net of tax	30.7			30.7			43.0			43.0
Noncontrolling interests - discontinued operations	—			—			(0.6		)	(0.6		)
Income from discontinued operations, attributable to Safeway Inc.	30.7			30.7			42.4			42.4
Distributed and undistributed earnings allocated to participating securities	(0.5		)	(0.5		)	(0.5		)	(0.5		)
Income from discontinued operations available to common stockholders	30.2			30.2			41.9			41.9

Net income	$	9.5		$	9.5		$	65.8		$	65.8
Distributed and undistributed earnings allocated to participating securities	(0.5		)	(0.5		)	(0.7		)	(0.7		)
Net income available to common stockholders after earnings allocated to participating securities	$	9.0		$	9.0		$	65.1		$	65.1

Weighted average common shares outstanding	229.0			229.0			239.4			239.4
Common share equivalents	1.9						2.2
Weighted average shares outstanding	230.9						241.6

(Loss) earnings per common share:
Continuing operations	$	(0.09	)	$	(0.09	)	$	0.10		$	0.10
Discontinued operations	0.13			0.13			0.17			0.17
Total	$	0.04		$	0.04		$	0.27		$	0.27

Anti-dilutive shares totaling 0.2 million and 8.1 million have been excluded from diluted weighted average shares outstanding for the 12 weeks ended September 6, 2014 and September 7, 2013, respectively. Additionally, performance shares totaling 1.9 million for which the Company does not forecast achievement of target have been excluded from diluted weighted average shares outstanding for the 12 weeks ended September 6, 2014.



	36 Weeks Ended
	September 6, 2014						September 7, 2013
	Diluted			Basic			Diluted			Basic
(Loss) income from continuing operations, net of tax	$	(24.4	)	$	(24.4	)	$	145.5		$	145.5
Distributed and undistributed earnings allocated to participating securities	—			—			(1.6		)	(1.6		)
(Loss) income from continuing operations available to common stockholders	(24.4		)	(24.4		)	143.9			143.9

Income from discontinued operations, net of tax	30.9			30.9			48.5			48.5
Noncontrolling interests - discontinued operations	0.9			0.9			(0.9		)	(0.9		)
Income from discontinued operations, attributable to Safeway Inc.	31.8			31.8			47.6			47.6
Distributed and undistributed earnings allocated to participating securities	(2.7		)	(2.7		)	(0.5		)	(0.5		)
Income from discontinued operations available to common stockholders	29.1			29.1			47.1			47.1

Net income	$	7.4		$	7.4		$	193.1		$	193.1
Distributed and undistributed earnings allocated to participating securities	(2.7		)	(2.7		)	(2.1		)	(2.1		)
Net income available to common stockholders after earnings allocated to participating securities	$	4.7		$	4.7		$	191.0		$	191.0

Weighted average common shares outstanding	228.6			228.6			238.5			238.5
Common share equivalents	1.8						1.8
Weighted average shares outstanding	230.4						240.3

(Loss) earnings per common share:
Continuing operations	$	(0.11	)	$	(0.11	)	$	0.60		$	0.60
Discontinued operations	0.13			0.13			0.19			0.20
Total	$	0.02		$	0.02		$	0.79		$	0.80

Anti-dilutive shares totaling 0.4 million and 13.9 million have been excluded from diluted weighted average shares outstanding for the 36 weeks ended September 6, 2014 and September 7, 2013, respectively. Additionally, performance shares totaling 1.9 million for which the Company does not forecast achievement of target have been excluded from diluted weighted average shares outstanding for the 36 weeks ended September 6, 2014.