Earnings Per Share

6 Months Ended

Jul. 01, 2012

Earnings Per Share (Thousands of Dollars and Shares Except Per Share Data) [Abstract]

Earnings Per Share

(2) Earnings Per Share

Net earnings per share data for the quarters and six months ended July 1, 2012 and June 26, 2011 were computed as follows:

	2012		2011
	-----------------		-----------------
Quarter ----------	Basic -------	Diluted --------	Basic -------	Diluted --------
Net earnings	$  43,427	43,427	58,051	58,051
	=======	=======	=======	=======
Average shares outstanding	130,294	130,294	136,073	136,073
Effect of dilutive securities:
Options and other share-based awards	-	1,824	-	3,168
	------------	------------	------------	------------
Equivalent shares	130,294	132,118	136,073	139,241
	=======	=======	=======	=======
Net earnings per common share	$    0.33	0.33	0.43	0.42
	=======	=======	=======	=======

	2012		2011
	-----------------		-----------------
Six Months ---------------	Basic -------	Diluted ---------	Basic -------	Diluted ---------
Net earnings	$  40,848	40,848	75,247	75,247
	=======	=======	=======	=======
Average shares outstanding	129,918	129,918	136,859	136,859
Effect of dilutive securities:
Options and other share-based awards	-	1,907	-	3,238
	------------	------------	------------	------------
Equivalent shares	129,918	131,825	136,859	140,097
	=======	=======	=======	=======
Net earnings per common share	$     0.31	0.31	0.55	0.54
	=======	=======	=======	=======

For the quarters ended July 1, 2012 and June 26, 2011, options to acquire shares totaling 3,504 and 1,157, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive. For the six-month periods ended July 1, 2012 and June 26, 2011, options to acquire shares totaling 3,523 and 1,165, respectively, were excluded from the calculation of diluted earnings per share because to include them would have been antidilutive.