Earnings per Share

As discussed in Note 1, Summary of Significant Accounting Policies, on April 9, 2015, we effected a two-for-one stock split of our $0.001 par value common stock for shareholders of record as of March 30, 2015. All share and per-share data presented in this note has been retroactively adjusted to reflect this stock split.

Calculation of net earnings per common share (“EPS”) — basic and diluted (in millions, except EPS):



	Quarter Ended				Two Quarters Ended
	Mar 29, 2015		Mar 30, 2014		Mar 29, 2015		Mar 30, 2014
Net earnings attributable to Starbucks	$	494.9	$	427.0	$	1,478.3	$	967.6
Weighted average common shares outstanding (for basic calculation)	1,500.5		1,510.3		1,499.7		1,510.1
Dilutive effect of outstanding common stock options and RSUs	16.0		18.8		17.0		20.6
Weighted average common and common equivalent shares outstanding (for diluted calculation)	1,516.5		1,529.1		1,516.7		1,530.7
EPS — basic	$	0.33	$	0.28	$	0.99	$	0.64
EPS — diluted	$	0.33	$	0.28	$	0.97	$	0.63

Potential dilutive shares consist of the incremental common shares issuable upon the exercise of outstanding stock options (both vested and non-vested) and unvested RSUs, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes out-of-the-money stock options (i.e., such options’ exercise prices were greater than the average market price of our common shares for the period) because their inclusion would have been antidilutive. Out-of-the-money stock options totaled approximately 0.1 million and 5.7 million as of March 29, 2015 and March 30, 2014, respectively.