EX-11 3 dex11.txt COMPUTATION OF EARNINGS PER COMMON SHARE EXHIBIT 11 SUPERVALU INC. Computation of Earnings per Common Share (unaudited)
Restated Restated Third Quarter Ended Year-to-date Ended Dec. 1, 2001 Dec. 2, 2000 Dec. 1, 2001 Dec. 2, 2000 ------------ ------------ ------------ ------------ (In thousands, except per share amounts) Earnings per share - basic Income available to common shareholders $ 58,016 $ 46,136 $165,552 $169,117 Weighted average shares outstanding 133,475 132,430 132,979 132,220 Earnings per share - basic $ 0.43 $ 0.35 $ 1.24 $ 1.28 Earnings per share - diluted Income available to common shareholders $ 58,016 $ 46,136 $165,552 $169,117 Weighted average shares outstanding 133,475 132,430 132,979 132,220 Dilutive impact of options outstanding 1,593 303 847 736 -------- -------- -------- -------- Weighted average shares and potential Dilutive shares outstanding 135,068 132,733 133,826 132,956 Earnings per share - diluted $ 0.43 $ 0.35 $ 1.24 $ 1.27 -------- -------- -------- --------
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.