Albertsons 2005 Annual Report Download - page 49

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change the previously reported fiscal 2001 diluted earnings per share as the convertible debentures were
issued in fiscal 2002. The impact of the EITF 04-8 restatement reduced diluted earnings per share by
approximately $0.11, $0.06, $0.05 and $0.01 in fiscal 2005, fiscal 2004, fiscal 2003, and fiscal 2002,
respectively.
(c) Inventories (FIFO), working capital and current ratio are calculated after adding back the LIFO reserve. The
LIFO reserve for each year is as follows: $148.6 million for fiscal 2005, $135.8 million for fiscal 2004,
$145.5 million for fiscal 2003, $140.8 million for fiscal 2002, and $140.6 million for fiscal 2001.
(d) Long-term debt includes long-term debt and long-term obligations under capital leases.
(e) The debt to capital ratio is calculated as debt, which includes notes payable, current debt, current obligations
under capital leases, long-term debt and long-term obligations under capital leases, divided by the sum of
debt and stockholders’ equity.
(f) As of February 24, 2002, pursuant to Statement of Financial Accounting Standards (SFAS) No. 142,
goodwill and intangible assets acquired in a purchase business combination and determined to have an
indefinite useful life are not amortized.
(g) Capital expenditures include cash expenditures and capital lease asset additions.
F-3