COMPUTATION OF NET INCOME PER SHARE IN ACCORDANCE WITH INTERPRETIVE RELEASE NO. 34-9083 (In thousands, except per-share amounts)
Three Months Six Months Ended Ended -------------------------- -------------------------- Jan. 25, Jan. 28, Jan. 25, Jan. 28, 1997 1996 1997 1996 -------- -------- -------- -------- PRIMARY EARNINGS PER SHARE (Unaudited) Actual weighted average common shares outstanding for the period 658,739 644,012 655,525 637,332
Weighted average shares assuming exercise of employee stock options using average market price 31,565 22,165 31,299 22,293 -------- -------- -------- --------
Shares used in per-share calculations 690,304 666,177 686,824 659,625 ======== ======== ======== ========
Net income applicable to primary income per share $338,459 $209,737 $519,402 $391,124 ======== ======== ======== ========
Net income per share based on SEC Interpretive Release No. 34-9083 $ .49 $ .31 $ .76 $ .59 ======== ======== ======== ========
FULLY DILUTED EARNINGS PER SHARE
Actual weighted average common shares outstanding for the period 658,739 644,012 655,525 637,332
Weighted average shares assuming exercise of employee stock options using the greater of ending or average market price 32,398 22,738 33,324 23,807 -------- -------- -------- --------
Shares used in per-share calculations 691,137 666,750 688,849 661,139 ======== ======== ======== ========
Net income applicable to fully diluted income per share $338,459 $209,737 $519,402 $391,124 ======== ======== ======== ========
Net income per share based on SEC Interpretive Release No. 34-9083 $ .49 $ .31 $ .75 $ .59 ======== ======== ======== ========
These calculations are submitted in accordance with Securities Exchange Act of 1934 Release No. 34-9083