EX-11 2 0002.txt COMPUTATION OF EARNINGS PER COMMON SHARE Exhibit 11 SUPERVALU INC. Computation of Earnings per Common Share (unaudited)
--------------------------------------------------------------------------------------------------------------------- First Quarter Ended (In thousands, except per share amounts) June 17, 2000 June 19, 1999 --------------------------------------------------------------------------------------------------------------------- Earnings per share - basic Income available to common shareholders. $ 69,965 $ 66,721 Weighted average shares outstanding 131,987 119,631 Earnings per share - basic $.53 $.56 Earnings per share - diluted Income available to common shareholders $ 69,965 $ 66,721 Weighted average shares outstanding 131,987 119,631 Dilutive impact of options outstanding 1,039 1,138 Weighted average shares and potential dilutive shares outstanding 133,026 120,769 Earnings per share - dilutive $.53 $.55 ----------------------------------------------------------------------------------------------------------------------
Basic earnings per share is calculated using income available to common shareholders divided by the weighted average of common shares outstanding during the period. Diluted earnings per share is similar to basic earnings per share except that the weighted average of common shares outstanding is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares, such as options, had been issued.