Note 2 – Earnings per Share
Net income and shares used to compute basic and diluted earnings per share (EPS) are reconciled below:
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(in millions, except per share data) |
Three Months Ended |
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Six Months Ended |
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July 30, |
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July 31, |
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July 30, |
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July 31, |
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2011 |
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2010 |
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2011 |
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2010 |
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Earnings: |
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Net income |
$ |
14 |
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$ |
14 |
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$ |
78 |
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$ |
74 |
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Shares: |
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Average common shares outstanding (basic shares) |
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213 |
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236 |
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221 |
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236 |
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Adjustment for assumed dilution: |
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Stock options, restricted stock awards and stock warrant |
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3 |
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2 |
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3 |
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2 |
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Average shares assuming dilution (diluted shares) |
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216 |
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238 |
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224 |
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238 |
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EPS: |
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Basic |
$ |
0.07 |
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$ |
0.06 |
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$ |
0.35 |
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$ |
0.31 |
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Diluted |
$ |
0.07 |
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$ |
0.06 |
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$ |
0.35 |
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$ |
0.31 |
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The following average potential shares of common stock were excluded from the diluted EPS calculations because their effect would have been anti-dilutive:
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(Shares in millions) |
Three Months Ended |
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Six Months Ended |
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July 30, |
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July 31, |
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July 30, |
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July 31, |
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2011 |
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2010 |
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2011 |
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2010 |
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Stock options and restricted awards |
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9 |
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12 |
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8 |
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11 |
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