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Earnings Per Share (Tables)
3 Months Ended
Apr. 03, 2016
Earnings Per Share [Abstract]  
Computations of Basic and Diluted Earnings per Share
The following table sets forth the computations of basic and diluted earnings per share (amounts in millions, except per share data):
 
First Quarter
 
2016
 
2015
Net income attributable to Teledyne
$
38.4

 
$
43.7

Basic earnings per share:
 
 
 
Weighted average common shares outstanding
34.4

 
35.7

 
 
 
 
Basic earnings per common share
$
1.12

 
$
1.22

Diluted earnings per share:
 
 
 
Weighted average common shares outstanding
34.4

 
35.7

Effect of dilutive securities
0.5

 
0.8

Weighted average diluted common shares outstanding
34.9

 
36.5

 
 
 
 
Diluted earnings per common share
$
1.10

 
$
1.20