Earnings Per Share (Tables)

9 Months Ended

Sep. 26, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share.

	Quarter Ended				Year-To-Date Ended
(In millions, except per share data)	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Numerator:
Net earnings attributable to Wolverine World Wide, Inc.	$	22.4	$	48.7	$	33.8	$	129.4
Adjustment for earnings allocated to non-vested restricted common stock	(0.6)		(1.0)		(0.8)		(2.6)
Net earnings used in calculating basic earnings per share	21.8		47.7		33.0		126.8
Adjustment for earnings reallocated from non-vested restricted common stock	—		—		—		0.1
Net earnings used in calculating basic and diluted earnings per share	$	21.8	$	47.7	$	33.0	$	126.9
Denominator:
Weighted average shares outstanding	81.9		83.5		81.7		87.3
Adjustment for non-vested restricted common stock	(0.9)		(0.5)		(0.7)		(0.7)
Shares used in calculating basic earnings per share	81.0		83.0		81.0		86.6
Effect of dilutive stock options	0.5		0.9		0.5		1.4
Shares used in calculating diluted earnings per share	81.5		83.9		81.5		88.0
Net earnings per share:
Basic	$	0.27	$	0.57	$	0.41	$	1.46
Diluted	$	0.27	$	0.57	$	0.41	$	1.44