Earnings Per Share

6 Months Ended

Jul. 03, 2011

Earnings Per Share [Abstract]

Earnings Per Share

5. Earnings Per Share

The reconciliation of basic and diluted earnings per share on common stock for the 13 and 26 weeks ended July 3, 2011 and July 4, 2010 follows (in millions of dollars except per share data).

	13 Weeks Ended					26 Weeks Ended
	2011			2010		2011			2010
Earnings from continuing operations	$	20.0		$	3.9	$	21.1		$	1.9
Less: Earnings allocated to participating securities		(0.4	)		—		(0.4	)		—
Earnings from continuing operations available to common shareholders	$	19.6		$	3.9	$	20.7		$	1.9
Loss from discontinued operations	$	(1.2	)	$	—	$	(1.2	)	$	—
Less: Loss allocated to participating securities		—			—		—			—
Loss from discontinued operations available to common shareholders	$	(1.2	)	$	—	$	(1.2	)	$	—
Net Earnings	$	18.8		$	3.9	$	19.9		$	1.9
Less: Earnings allocated to participating securities		(0.4	)		—		(0.4	)		—
Net Earnings available to common shareholders	$	18.4		$	3.9	$	19.5		$	1.9
Basic earnings (loss) per share on common stock:
Earnings from continuing operations	$	0.53		$	0.11	$	0.56		$	0.05
Loss from discontinued operations	$	(0.03	)	$	—	$	(0.03	)	$	—
Net earnings	$	0.50		$	0.11	$	0.53		$	0.05
Diluted earnings (loss) per share on common stock:
Earnings from continuing operations	$	0.53		$	0.11	$	0.56		$	0.05
Loss from discontinued operations	$	(0.03	)	$	—	$	(0.03	)	$	—
Net earnings	$	0.50		$	0.11	$	0.53		$	0.05
Average common shares outstanding (millions)
Basic		36.8			36.0		36.7			35.5
Diluted		36.8			36.0		36.7			35.5

Stock options representing 0.6 million and 0.7 million shares, respectively, for the 13 weeks ended July 3, 2011 and July 4, 2010, and 0.6 million and 0.7 million shares, respectively, for the 26 weeks ended July 3, 2011 and July 4, 2010, were excluded from the computation of diluted earnings per share due to their anti-dilutive effect.