v2.3.0.11
Computation of Earnings Per Common Share
6 Months Ended
Jul. 30, 2011
Computation of Earnings Per Common Share Disclosure [Abstract]  
Computation of Earnings Per Common Share
Computation of Earnings Per Common Share
 
The computation of basic and diluted earnings per share for the second quarter and first half of 2011 and 2010 is as follows (in thousands, except per share data):
 
 
13 Weeks Ended
 
26 Weeks Ended
 
July 30, 2011
 
July 31, 2010
 
July 30, 2011
 
July 31, 2010
Numerator:
 


 
 


 




 




Net income attributed to Staples, Inc.
$
176,438


 
$
129,756


 
$
374,683


 
$
318,526


Denominator:




 




 




 




Weighted-average common shares outstanding
698,917


 
719,486


 
702,618


 
719,140


Effect of dilutive securities:




 




 




 




Employee stock options, Restricted Shares and Performance Shares
9,754


 
10,249


 
10,419


 
11,802


Weighted-average common shares outstanding assuming dilution
708,671


 
729,735


 
713,037


 
730,942








 




 




 




Basic earnings per common share
$
0.25


 
$
0.18


 
$
0.53


 
$
0.44


Diluted earnings per common share
$
0.25


 
$
0.18


 
$
0.53


 
$
0.44




 
Options to purchase shares of common stock are excluded from the calculation of diluted earnings per share when their inclusion would have an anti-dilutive effect on the calculation.  Options to purchase 36.0 million and 21.3 million shares of Staples common stock were excluded from the calculation of diluted earnings per share at July 30, 2011 and July 31, 2010, respectively.