EX-11 7 dex11.txt COMPUTATION OF EARNINGS EXHIBIT 11 SUPERVALU INC. and Subsidiaries Computation of Earnings Per Common Share (unaudited)
First Quarter Ended -------------------------------------------------------------------------------------------------------------- (In thousands, except per share amounts) June 15, 2002 June 16, 2001 -------------------------------------------------------------------------------------------------------------- Earnings per share - basic Earnings available to common shareholders $ 77,155 $ 56,968 Weighted average common shares outstanding 133,812 132,493 Earnings per share - basic $ .58 $ .43 Earnings per share - diluted Earnings available to common shareholders $ 77,155 $ 56,968 Weighted average common shares outstanding 133,812 132,493 Dilutive impact of options outstanding 2,327 83 -------- -------- Weighted average common shares and potential dilutive shares outstanding 136,139 132,576 Earnings per share - dilutive $ .57 $ .43 -------- -------- ------------------------------------------------------------------------------------------------------------
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.