KROGER CO | 2013 | FY | 3


11.       EARNINGS PER COMMON SHARE

 

Net earnings attributable to The Kroger Co. per basic common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding.  Net earnings attributable to The Kroger Co. per diluted common share equals net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted average number of common shares outstanding, after giving effect to dilutive stock options.  The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

 

 

 

For the year ended
February 1, 2014

 

For the year ended
February 2, 2013

 

For the year ended
January 28, 2012

 

(in millions, except per share amounts)

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per
Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per
Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per
Share
Amount

 

Net earnings attributable to The
Kroger Co. per basic common share

 

$

1,507

 

514

 

$

2.93

 

$

1,485

 

533

 

$

2.78

 

$

598

 

590

 

$

1.01

 

Dilutive effect of stock options

 

 

 

6

 

 

 

 

 

4

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The
Kroger Co. per diluted common share

 

$

1,507

 

520

 

$

2.90

 

$

1,485

 

537

 

$

2.77

 

$

598

 

593

 

$

1.01

 

 

The Company had undistributed and distributed earnings to participating securities totaling $12, $12 and $4 in 2013, 2012 and 2011, respectively.

 

For the years ended February 1, 2014, February 2, 2013 and January 28, 2012, there were options outstanding for approximately 2.3 million, 12.2 million and 12.2 million common shares, respectively, which were excluded from the computation of net earnings attributable to The Kroger Co. per diluted common share.  These shares were excluded because their inclusion would have had an anti-dilutive effect on EPS.


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