Notes to Consolidated Financial Statements

Note 15:
Earnings Per Share

Basic and diluted earnings per share are calculated as follows:

(1)Reflects the 39,635,681 treasury shares acquired during fiscal 1998.

(2)Antidilutive stock options omitted from the denominator were 13,371,000, 5,992,528, and 425,077 for the year ended January 30, 1999, eleven months ended January 31, 1998 and year ended March 1, 1997, respectively. Also excluded from the calculation are the Convertible Notes with an exercise price of $33.33 per share which is greater than the average market price of the common shares.