Albertsons 2012 Annual Report Download - page 70

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NOTE 11—NET EARNINGS (LOSS) PER SHARE
The following table reflects the calculation of basic and diluted net earnings (loss) per share:
2012 2011 2010
Net earnings (loss) per share—basic:
Net earnings (loss) $ (1,040) $ (1,510) $ 393
Deduct: undistributed net earnings allocable to contingently
convertible debentures — — —
Net earnings (loss) available to common stockholders $ (1,040) $ (1,510) $ 393
Weighted average shares outstanding—basic 212 212 212
Net earnings (loss) per share—basic $ (4.91) $ (7.13) $ 1.86
Net earnings (loss) per share—diluted:
Net earnings (loss) $ (1,040) $ (1,510) $ 393
Interest related to dilutive contingently convertible debentures, net of
tax — — 1
Net earnings (loss) used for diluted net earnings per share calculation $ (1,040) $ (1,510) $ 394
Weighted average shares outstanding—basic 212 212 212
Dilutive impact of options and restricted stock outstanding — — 1
Dilutive impact of convertible securities — — —
Weighted average shares outstanding—diluted 212 212 213
Net earnings (loss) per share—diluted $ (4.91) $ (7.13) $ 1.85
Options and restricted stock of 21, 24 and 22 shares were outstanding during fiscal 2012, 2011 and 2010,
respectively, but were excluded from the computation of diluted net earnings per share because they were
antidilutive.
NOTE 12—BENEFIT PLANS
Substantially all employees of the Company and its subsidiaries are covered by various contributory and
non-contributory pension, profit sharing or 401(k) plans. Most union employees participate in multiemployer
retirement plans under collective bargaining agreements, unless the collective bargaining agreement provides for
participation in plans sponsored by the Company. In addition to sponsoring both defined benefit and defined
contribution pension plans, the Company provides healthcare and life insurance benefits for eligible retired
employees under postretirement benefit plans. The Company also provides certain health and welfare benefits,
including short-term and long-term disability benefits to inactive disabled employees prior to retirement. The
terms of the postretirement benefit plans vary based on employment history, age and date of retirement. For most
retirees, the Company provides a fixed dollar contribution and retirees pay contributions to fund the remaining
cost.
Effective December 31, 2007, the Company authorized amendments to the SUPERVALU Retirement Plan and
certain supplemental executive retirement benefit plans whereby service crediting ended in these plans and no
employees will become eligible to participate in these plans after December 31, 2007. Pay increases will continue
to be reflected in the amount of benefit earned in these plans until December 31, 2012.
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