Earnings Per Share (Tables)

6 Months Ended

Jun. 29, 2024

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)	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