Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

 v2.3.0.11
Earnings Per Share
 3 Months Ended
Apr. 30, 2011
Earnings Per Share  
Earnings Per Share
3. Earnings Per Share

The following tables set forth the computation of basic and diluted earnings per share:

 

     13 Weeks Ended  
     April 30, 2011      May 1, 2010  
     Income             Shares      Income             Shares  
     (millions, except per share figures)  

Net income and average number of shares outstanding

    $ 131            424.1       $ 23            421.4   

Shares to be issued under deferred compensation plans

            1.0               1.2   
                                         
   $ 131            425.1       $ 23            422.6   

Basic earnings per share

       $ .31             $ .05      
                             

Effect of dilutive securities–stock options, restricted stock
and restricted stock units

            4.9               3.6   
                                         
   $ 131            430.0       $ 23            426.2   

Diluted earnings per share

       $ .30             $ .05      
                             

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 24.6 million shares of common stock, 115,000 shares of restricted stock and restricted stock units relating to 715,000 shares of common stock were outstanding at April 30, 2011, but were not included in the computation of diluted earnings per share for the 13 weeks ended April 30, 2011 because their inclusion would have been antidilutive.

In addition to the stock options, restricted stock and restricted stock units reflected in the foregoing table, stock options to purchase 32.1 million shares of common stock, 148,000 shares of restricted stock and restricted stock units relating to 787,000 shares of common stock were outstanding at May 1, 2010, but were not included in the computation of diluted earnings per share for the 13 weeks ended May 1, 2010 because their inclusion would have been antidilutive.