NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- CONTINUED - - -------------------------------------------------------------------------------- - - -------------------------------------------------------------------------------- EXHIBIT 11 FEDERATED DEPARTMENT STORES, INC. EXHIBIT OF PRIMARY AND FULLY DILUTED EARNINGS PER SHARE (THOUSANDS, EXCEPT PER SHARE DATA)
52 WEEKS ENDED 52 WEEKS ENDED JANUARY 28, 1995 JANUARY 29, 1994 ------------------------ ------------------------ SHARES INCOME SHARES INCOME ------- -------- ------- -------- Net income and average number of shares outstanding................................. 132,862 $187,616 126,293 $193,248 Earnings per share............................ $1.41 $1.53 PRIMARY COMPUTATION: Average number of common share equivalents: Shares to be issued to the U.S. Treasury............................... 122 163 Deferred compensation plan............... 74 3 Stock options............................ 217 229 ------- -------- ------- -------- Adjusted number of common and common equivalent shares outstanding and adjusted net income................. 133,275 $187,616 126,688 $193,248 Primary earnings per share............. $1.41 $1.53 FULLY DILUTED COMPUTATION: Additional adjustments to a fully diluted basis: Convertible notes........................ 8,564 10,531 8,564 9,928 Stock options............................ -- 4 ------- -------- ------- -------- Adjusted number of shares outstanding and net income on a fully diluted basis.... 141,839 $198,147 135,256 $203,176 ======= ======== ======= ======== Fully diluted earnings per share......... $1.40 $1.50
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