Earnings Per Share

3 Months Ended

Mar. 29, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The reconciliation of basic and diluted earnings (loss) per share on common stock for the first quarter 2020 and 2019 follows (in millions of dollars except per share data):

	First Quarter
	2020		2019
Net earnings (loss)	$	(153.2)	$	22.1
Less: earnings allocated to participating securities	—		(0.2)
Net earnings (loss) available to common shareholders	$	(153.2)	$	21.9
Average shares outstanding (millions):
Basic	39.2		39.0
Dilutive share awards	—		0.1
Diluted	39.2		39.1
Basic earnings (loss) per share	$	(3.91)	$	0.56
Diluted earnings (loss) per share	$	(3.91)	$	0.56

Potentially dilutive shares outstanding are primarily related to performance shares for the first quarter 2019. Dividends paid per share for Class A and Class B common stock were $0.075 for the first quarter 2020 and 2019.