Earnings Per Share

3 Months Ended

Jun. 30, 2013

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 quarter and six-month periods ended June 30, 2013 and July 1, 2012 were computed as follows:

	2013				2012
Quarter	Basic		Diluted		Basic		Diluted
Net earnings	$	36,480		36,480		43,427		43,427
Average shares outstanding		130,323		130,323		130,294		130,294
Effect of dilutive securities:
Options and other share-based awards		-		1,657		-		1,824
Equivalent Shares		130,323		131,980		130,294		132,118
Net earnings per common share	$	0.28		0.28		0.33		0.33

	2013				2012
Six Months	Basic		Diluted		Basic		Diluted
Net earnings	$	29,809		29,809		40,848		40,848
Average shares outstanding		129,831		129,831		129,918		129,918
Effect of dilutive securities:
Options and other share-based awards		-		1,606		-		1,907
Equivalent Shares		129,831		131,437		129,918		131,825
Net earnings per common share	$	0.23		0.23		0.31		0.31

For the quarters ended June 30, 2013 and July 1, 2012, options and restricted stock unit awards totaling 1,849 and 3,504, 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 June 30, 2013 and July 1, 2012, options and restricted stock unit awards totaling 1,511 and 3,523, respectively, were excluded from the calculation of diluted earnings per share because to included them would have been antidilutive.