| (Loss)/Earnings per Share |
Note 3 – (Loss)/Earnings per Share
Net (loss)/income and shares used to compute basic and diluted (loss)/earnings per share (EPS) are reconciled below:
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(in millions, except per share data) |
Three Months Ended |
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Nine Months Ended |
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Oct. 29, |
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Oct. 30, |
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Oct. 29, |
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Oct. 30, |
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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 (loss)/income |
$ |
(143) |
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$ |
44 |
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|
$ |
(65) |
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$ |
118 |
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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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|
|
219 |
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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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- |
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2 |
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- |
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2 |
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Average shares assuming dilution (diluted shares) |
|
213 |
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|
238 |
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219 |
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|
238 |
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EPS: |
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Basic |
$ |
(0.67) |
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$ |
0.19 |
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$ |
(0.30) |
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$ |
0.50 |
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Diluted |
$ |
(0.67) |
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$ |
0.19 |
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|
$ |
(0.30) |
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$ |
0.50 |
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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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Nine Months Ended |
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Oct. 29, |
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Oct. 30, |
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Oct. 29, |
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Oct. 30, |
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2011 |
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2010 |
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|
2011 |
|
|
2010 |
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Stock options and restricted awards |
|
19 |
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|
11 |
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|
18 |
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11 |
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