Note 2 – Earnings per Share

 

Net income and shares used to compute basic and diluted earnings per share (EPS) are reconciled below:

 

(in millions, except per share data)		Three Months Ended
			April 30,			May 1,
			2011			2010
Earnings:
Net income, basic and diluted		$	64		$	60
Shares:
Average common shares outstanding (basic shares)			229			236
Adjustment for assumed dilution:
Stock options and restricted stock awards			3			2
Average shares assuming dilution (diluted shares)			232			238
EPS:
Basic		$	0.28		$	0.25
Diluted		$	0.28		$	0.25

 

For the three months ended April 30, 2011 and May 1, 2010, eight million and 10 million average potential shares of common stock, respectively, were excluded from the EPS calculation because their effect would have been anti-dilutive.