Albertsons 2016 Annual Report Download - page 97

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95
NOTE 12—NET EARNINGS PER SHARE
The following table reflects the calculation of basic and diluted net earnings per share:
2016 2015 2014
Net earnings from continuing operations $ 178 $ 127 $ 13
Less net earnings attributable to noncontrolling interests (8)(7)(7)
Net earnings from continuing operations attributable to SUPERVALU INC. 170 120 6
Income from discontinued operations, net of tax 8 72 176
Net earnings attributable to SUPERVALU INC. $ 178 $ 192 $ 182
Weighted average number of shares outstanding—basic 263 260 255
Dilutive impact of stock-based awards 543
Weighted average number of shares outstanding—diluted 268 264 258
Basic net earnings per share attributable to SUPERVALU INC.:
Continuing operations $ 0.64 $ 0.46 $ 0.02
Discontinued operations $ 0.03 $ 0.28 $ 0.69
Basic net earnings per share $ 0.68 $ 0.74 $ 0.71
Diluted net earnings per share attributable to SUPERVALU INC.:
Continuing operations $ 0.63 $ 0.45 $ 0.02
Discontinued operations $ 0.03 $ 0.27 $ 0.68
Diluted net earnings per share $ 0.66 $ 0.73 $ 0.70
Stock-based awards of 10, 10 and 18 that were outstanding during fiscal 2016, 2015 and 2014, respectively, were excluded
from the calculation of Net earnings from continuing operations per share—diluted, Net earnings from discontinued operations
per share—diluted and Net earnings per share—diluted for the periods because their inclusion would be antidilutive.
NOTE 13—COMPREHENSIVE INCOME (LOSS) AND ACCUMULATED COMPREHENSIVE LOSS
The Company reports comprehensive income in the Consolidated Statements of Comprehensive Income. Comprehensive
income includes all changes in stockholders’ deficit during the reporting period, other than those resulting from investments by
and distributions to stockholders. The Company’s comprehensive income is calculated as net earnings (loss) including
noncontrolling interests, plus or minus adjustments for pension and other postretirement benefit obligations, net of tax, less
comprehensive income attributable to noncontrolling interests.
Accumulated other comprehensive loss represents the cumulative balance of other comprehensive income (loss), net of tax, as
of the end of the reporting period and relates to pension and other postretirement benefit obligation adjustments, net of tax, and
interest rate swaps designated as hedges, net of tax. Changes in Accumulated other comprehensive loss by component are as
follows: