Earnings Per Share (Tables)

9 Months Ended

Oct. 02, 2021

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)	October 2, 2021		September 26, 2020		October 2, 2021		September 26, 2020
Numerator:
Net earnings attributable to Wolverine World Wide, Inc.	$	—	$	22.4	$	83.2	$	33.8
Adjustment for earnings allocated to non-vested restricted common stock	(0.2)		(0.6)		(1.4)		(0.8)
Net earnings (loss) used in calculating basic and diluted earnings per share	$	(0.2)	$	21.8	$	81.8	$	33.0
Denominator:
Weighted average shares outstanding	82.3		81.9		82.5		81.7
Adjustment for non-vested restricted common stock	—		(0.9)		(0.1)		(0.7)
Shares used in calculating basic earnings per share	82.3		81.0		82.4		81.0
Effect of dilutive stock options	—		0.5		1.0		0.5
Shares used in calculating diluted earnings per share	82.3		81.5		83.4		81.5
Net earnings per share:
Basic	$	0.00	$	0.27	$	0.99	$	0.41
Diluted	$	0.00	$	0.27	$	0.98	$	0.41