EX-11 3 dex11.txt COMPUTATION OF EARNINGS PER COMMON SHARE EXHIBIT 11 SUPERVALU INC. Computation of Earnings per Common Share (unaudited)
Restated Restated Second Quarter Ended Year-to-date Ended Sept. 8, 2001 Sept. 9, 2000 Sept. 8, 2001 Sept. 9, 2000 ------------- ------------- ------------- ------------- (In thousands, except per share amounts) Earnings per share - basic Income available to common shareholders 50,568 55,605 107,536 122,981 Weighted average shares outstanding 133,130 132,321 132,766 132,130 Earnings per share - basic 0.38 0.42 0.81 0.93 Earnings per share - diluted Income available to common shareholders 50,568 55,605 107,536 122,981 Weighted average shares outstanding 133,130 132,321 132,766 132,130 Dilutive impact of options outstanding 1,119 775 527 938 -------- -------- -------- -------- Weighted average shares and potential dilutive shares outstanding 134,249 133,096 133,293 133,068 Earnings per share - diluted $ 0.38 $ 0.42 $ 0.81 $ 0.92 -------- -------- -------- --------
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.