beatandraise : SEC Filings Research with AI

2.0.0.10 false Earnings Per Share 01000 - Disclosure - Earnings Per Share true false false false 1 usd $ false false Percent Standard http://www.xbrl.org/2003/instance pure xbrli 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 2 Notes to Consolidated Financial Statements 0 low_NotesToConsolidatedFinancialStatements low false na duration string Notes to Consolidated Financial Statements Header false false false false false true false false false false false false 1 false false false false 0 0 false false false Notes to Consolidated Financial Statements Header false 3 Earnings Per Share 1 us-gaap_EarningsPerShareTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false terselabel false 1 false false false false 0 0 <div style="font-size:12pt">Note 9: Earnings Per Share – The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, net earnings are reduced by the amount of dividends declared in the period for each class of common stock and participating security. The remaining undistributed earnings are then allocated to common stock and participating securities as if all of the net earnings for the period had been distributed. Basic earnings per common share excludes dilution and is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share is calculated by dividing net earnings allocable to common shares by the weighted-average number of common shares as of the balance sheet date, as adjusted for the potential dilutive effect of non-participating share-based awards. The following table reconciles earnings per common share for the three months ended April 30, 2010, and May 1, 2009.<table style="border-collapse: collapse; margin-top: 20px;"><tr><td height="21" width="350" align="left"> </td><td width="242" align="center" colspan="4" style="border-bottom: 1px solid #000000;" height="21">Three Months Ended</td></tr><tr><td height="20" style="border-bottom: 1px solid #000000;" align="left" width="350">(In millions, except per share data)</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">April 30, 2010</td><td width="121" align="center" colspan="2" style="border-top: 1px solid #000000;border-bottom: 1px solid #000000;" height="20">May 1, 2009</td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="350">Basic earnings per common share:</td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td></tr><tr><td height="20" width="350" align="left">Net earnings</td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 489 </td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 476 </td></tr><tr><td height="20" width="350" align="left">Less: Net earnings allocable to participating securities</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td></tr><tr><td height="19" width="350" align="left">Net earnings allocable to common shares</td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 485 </td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 472 </td></tr><tr><td height="19" width="350" align="left">Weighted-average common shares outstanding</td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,438 </td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,462 </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="350">Basic earnings per common share</td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.34 </td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.32 </td></tr><tr><td height="20" style="border-top: 1px solid #000000;" align="left" width="350">Diluted earnings per common share:</td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td><td height="20" style="border-top: 1px solid #000000;" align="center" width="14"> </td><td height="20" style="border-top: 1px solid #000000;" align="left" width="107"> </td></tr><tr><td height="20" width="350" align="left">Net earnings</td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 489 </td><td height="20" width="14" align="center">$</td><td height="20" width="107" align="right"> 476 </td></tr><tr><td height="20" width="350" align="left">Less: Net earnings allocable to participating securities</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> (4)</td></tr><tr><td height="19" width="350" align="left">Net earnings allocable to common shares</td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 485 </td><td height="19" width="14" align="center">$</td><td height="19" width="107" align="right"> 472 </td></tr><tr><td height="20" width="350" align="left">Weighted-average common shares outstanding</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 1,438 </td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 1,462 </td></tr><tr><td height="20" width="350" align="left">Dilutive effect of non-participating share-based awards</td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 3 </td><td height="20" width="14" align="center"> </td><td height="20" width="107" align="right"> 2 </td></tr><tr><td height="19" width="350" align="left">Weighted-average common shares, as adjusted</td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,441 </td><td height="19" width="14" align="center"> </td><td height="19" width="107" align="right"> 1,464 </td></tr><tr><td height="19" style="border-bottom: 1px solid #000000;" align="left" width="350">Diluted earnings per common share</td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.34 </td><td height="19" style="border-bottom: 1px solid #000000;" align="center" width="14">$</td><td height="19" style="border-bottom: 1px solid #000000;" align="right" width="107"> 0.32 </td></tr></table>Stock options to purchase 17.2 million and 26.0 million shares of common stock were excluded from the computation of diluted earnings per common share because their effect would have been anti-dilutive for the three months ended April 30, 2010, and May 1, 2009, respectively. </div> Note 9: Earnings Per Share – The Company calculates basic and diluted earnings per common share using the two-class method. Under the two-class method, false false false This element may be used to capture the complete disclosure pertaining to an entity's earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 false false 1 2 false UnKnown UnKnown UnKnown false true