| Earnings/(Loss) per Share |
3. Earnings/(Loss) per Share
Net income/(loss) and shares used to compute basic and diluted earnings/(loss) per share (EPS) are reconciled below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
(in millions, except per share data)
|
|
|
October 27,
|
|
|
October 29,
|
|
|
October 27,
|
|
|
October 29,
|
|
|
|
|
2012
|
|
|
2011
|
|
|
2012
|
|
|
2011
|
|
Earnings/(loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income/(loss)
|
|
$
|
(123)
|
|
$
|
(143)
|
|
$
|
(433)
|
|
$
|
(65)
|
|
Shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding (basic shares)
|
|
|
219.4
|
|
|
213.3
|
|
|
219.1
|
|
|
218.6
|
|
Adjustment for assumed dilution:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options, restricted stock awards and warrant
|
|
|
-
|
|
|
-
|
|
|
-
|
|
|
-
|
|
Weighted average shares assuming dilution (diluted shares)
|
|
|
219.4
|
|
|
213.3
|
|
|
219.1
|
|
|
218.6
|
|
EPS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$
|
(0.56)
|
|
$
|
(0.67)
|
|
$
|
(1.98)
|
|
$
|
(0.30)
|
|
Diluted
|
|
$
|
(0.56)
|
|
$
|
(0.67)
|
|
$
|
(1.98)
|
|
$
|
(0.30)
|
The following average potential shares of common stock were excluded from the diluted EPS calculation because their effect would have been anti-dilutive:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
|
(Shares in millions)
|
|
|
October 27,
|
|
|
October 29,
|
|
|
October 27,
|
|
|
October 29,
|
|
|
|
|
2012
|
|
|
2011
|
|
|
2012
|
|
|
2011
|
|
Stock options, restricted stock awards and warrant
|
|
|
26
|
|
|
19
|
|
|
25
|
|
|
18
|
|