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EARNINGS PER COMMON SHARE
 6 Months Ended
Aug. 16, 2014
EARNINGS PER COMMON SHARE  
EARNINGS PER COMMON SHARE

6.EARNINGS PER COMMON SHARE

 

Net earnings attributable to The Kroger Co. per basic common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted-average number of common shares outstanding.  Net earnings attributable to The Kroger Co. per diluted common share equal net earnings attributable to The Kroger Co. less income allocated to participating securities divided by the weighted-average number of common shares outstanding, after giving effect to dilutive stock options.  The following table provides a reconciliation of net earnings attributable to The Kroger Co. and shares used in calculating net earnings attributable to The Kroger Co. per basic common share to those used in calculating net earnings attributable to The Kroger Co. per diluted common share:

 

 

 

Second Quarter Ended

 

Second Quarter Ended

 

 

 

August 16, 2014

 

August 17, 2013

 

 

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Net earnings attributable to The Kroger Co. per basic common share 

 

$
343 

 
485 

 

$
0.71 

 

$
315 

 
515 

 

$
0.61 

 

Dilutive effect of stock options

 

 

 
6 

 

 

 

 

 
6 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share 

 

$
343 

 
491 

 

$
0.70 

 

$
315 

 
521 

 

$
0.60 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Two Quarters Ended

 

Two Quarters Ended

 

 

 

August 16, 2014

 

August 17, 2013

 

 

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Earnings
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Net earnings attributable to The Kroger Co. per basic common share 

 

$
840 

 
494 

 

$
1.70 

 

$
791 

 
515 

 

$
1.54 

 

Dilutive effect of stock options

 

 

 
6 

 

 

 

 

 
5 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings attributable to The Kroger Co. per diluted common share 

 

$
840 

 
500 

 

$
1.68 

 

$
791 

 
520 

 

$
1.52 

 

 

The Company had combined undistributed and distributed earnings to participating securities totaling $4 in the second quarter of 2014 and $2 in the second quarter of 2013.  For the first two quarters of 2014 and 2013, the Company had combined undistributed and distributed earnings to participating securities of $8 and $7, respectively.

 

The Company had options outstanding for approximately 2 shares during the second quarters of 2014 and 2013 that were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.  The Company had options outstanding for approximately 2 shares in the first two quarters of 2014 and 1 shares in the first two quarters of 2013 that were excluded from the computations of earnings per diluted common share because their inclusion would have had an anti-dilutive effect on earnings per share.