The following
table presents a reconciliation of the numerators and denominators
of basic and diluted earnings per common share for fiscal 2002,
2001 and 2000:
Repurchase
of Common Stock
In September 1999, our Board of Directors authorized the purchase
of up to $200 of our common stock. This program was completed with
a total of 5.7 million shares purchased and retired.
In February
2000, our Board of Directors authorized the purchase of up to $400
of our common stock from time to time through open market
purchases. This program has no stated expiration date. As of March
2, 2002, 2.9 million shares had been purchased and retired at a
cost of $100. No shares were repurchased in fiscal 2002 or 2001.
5.
Operating Lease Commitments
We currently lease portions of our corporate facilities and
conduct essentially all of our retail and the majority of our
distribution operations from leased locations. The terms of the
lease agreements generally range from three to 20 years. The
leases require payment of real estate taxes, insurance and common
area maintenance in addition to rent. Most of the leases contain
renewal options and escalation clauses, and certain stores require
contingent rents based on specified percentages of sales. In
addition, certain store leases provide us an early cancellation
option if sales for a designated period do not reach a specified
level as defined in the lease. Other leases contain covenants
related to maintenance of financial ratios. Also, we lease certain
equipment under operating leases. Transaction costs associated
with the sale and lease back of properties and any gain or loss
are recognized over the terms of the lease agreements. Proceeds
from the sale and lease back of properties are included in the net
change in recoverable costs from developed properties. 
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