EX-11 4 dex11.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 16, 2001 June 17, 2000 -------------------------------------------------------------------------------------------- Earnings per share - basic Income available to common shareholders $ 59,417 $ 69,965 Weighted average shares outstanding 132,493 131,987 Earnings per share - basic $ 0.45 $ 0.53 Earnings per share - diluted Income available to common shareholders $ 59,417 $ 69,965 Weighted average shares outstanding 132,493 131,987 Dilutive impact of options outstanding 83 1,039 ------------------------------------- Weighted average shares and potential dilutive shares outstanding 132,576 133,026 Earnings per share - dilutive $ 0.45 $ 0.53 --------------------------------------------------------------------------------------------
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.