Earnings Per Share (Notes)

6 Months Ended

Jun. 29, 2024

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)	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Numerator:
Net earnings (loss) attributable to Wolverine World Wide, Inc.	$	14.2	$	24.0	$	(0.3)	$	43.0
Adjustment for earnings allocated to non-vested restricted common stock	(0.5)		(0.5)		(0.6)		(1.0)


Net earnings (loss) used in calculating basic and diluted earnings per share	$	13.7	$	23.5	$	(0.9)	$	42.0
Denominator:


Weighted average shares outstanding	80.0		79.5		79.9		79.3
Effect of dilutive stock options	—		—		—		—
Shares used in calculating diluted earnings per share	80.0		79.5		79.9		79.3
Net earnings (loss) per share:
Basic	$	0.17	$	0.30	$	(0.01)	$	0.53
Diluted	$	0.17	$	0.30	$	(0.01)	$	0.53

For the quarter and year-to-date ended June 29, 2024, 1,574,879 and 1,672,689 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

For the quarter and year-to-date ended July 1, 2023, 1,991,262 and 2,080,931 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.