Rite Aid 2015 Annual Report Download - page 80

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 28, 2015, March 1, 2014 and March 2, 2013
(In thousands, except per share amounts)
4. Income Per Share (Continued)
stock were exercised or converted into common stock or resulted in the issuance of common stock that
then shared in the income of the Company subject to anti-dilution limitations.
Year Ended
February 28, March 1, March 2,
2015 2014 2013
(52 Weeks) (52 Weeks) (52 Weeks)
Numerator for income per share:
Net income .......................... $2,109,173 $249,414 $118,105
Accretion of redeemable preferred stock ..... — (77) (102)
Cumulative preferred stock dividends ....... — (8,318) (10,528)
Conversion of Series G and H preferred stock . — (25,603) —
Income attributable to common stockholders—
basic ............................... $2,109,173 $215,416 $107,475
Add back—interest on convertible notes ....... 5,456 5,456 —
Income attributable to common stockholders—
diluted ............................. $2,114,629 $220,872 $107,475
Denominator:
Basic weighted average shares ............. 971,102 922,199 889,562
Outstanding options and restricted shares, net . 21,967 32,093 17,697
Convertible notes ...................... 24,792 24,800 —
Diluted weighted average shares ........... 1,017,861 979,092 907,259
Basic income per share .................. $ 2.17 $ 0.23 $ 0.12
Diluted income per share ................ $ 2.08 $ 0.23 $ 0.12
Due to their anti-dilutive effect, the following potential common shares have been excluded from
the computation of diluted income per share as of February 28, 2015, March 1, 2014 and March 2,
2013:
Year Ended
February 28, March 1, March 2,
2015 2014 2013
(52 Weeks) (52 Weeks) (52 Weeks)
Stock options .......................... 2,777 4,044 10,455
Convertible preferred stock ................ — — 33,109
Convertible notes ....................... — — 24,800
2,777 4,044 68,364
On September 30, 2013, the Company redeemed all of its outstanding Series G and Series H
Convertible Preferred Stock (collectively the ‘‘Convertible Preferred Stock’’) at the Company’s election.
The Convertible Preferred Stock was convertible into common stock of the Company, at the holder’s
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