Earnings Per Share

9 Months Ended

Oct. 02, 2011

5. Earnings Per Share

The reconciliation of basic and diluted earnings per share on common stock for the 13 and 39 weeks ended October 2, 2011 and October 3, 2010 follows (in millions of dollars except per share data):


	13 Weeks Ended						39 Weeks Ended
	2011			2010			2011			2010

Earnings from continuing operations	$	19.7		$	9.6		$	40.8		$	11.5
Less: Earnings allocated to participating securities		(0.5	)		(0.1	)		(0.9	)		(0.1	)

Earnings from continuing operations available to common shareholders	$	19.2		$	9.5		$	39.9		$	11.4

Loss from discontinued operations	$	—		$	—		$	(1.2	)	$	—
Less: Loss allocated to participating securities		—			—			—			—

Loss from discontinued operations available to common shareholders	$	—		$	—		$	(1.2	)	$	—

Net earnings	$	19.7		$	9.6		$	39.6		$	11.5
Less: Earnings allocated to participating securities		(0.5	)		(0.1	)		(0.9	)		(0.1	)

Net earnings available to common shareholders	$	19.2		$	9.5		$	38.7		$	11.4

Basic earnings (loss) per share on common stock:
Earnings from continuing operations	$	0.52		$	0.26		$	1.09		$	0.32
Loss from discontinued operations	$	—		$	—		$	(0.03	)	$	—
Net earnings	$	0.52		$	0.26		$	1.05		$	0.32

Diluted earnings (loss) per share on common stock:
Earnings from continuing operations	$	0.52		$	0.26		$	1.09		$	0.32
Loss from discontinued operations	$	—		$	—		$	(0.03	)	$	—
Net earnings	$	0.52		$	0.26		$	1.05		$	0.32

Average common shares outstanding (millions)
Basic		36.8			36.7			36.8			35.9
Diluted		36.8			36.7			36.8			35.9

Stock options representing 0.6 million and 0.7 million shares, respectively, for the 13 weeks ended October 2, 2011 and October 3, 2010, and 0.6 million and 0.7 million shares, respectively, for the 39 weeks ended October 2, 2011 and October 3, 2010, were excluded from the computation of diluted earnings per share due to their anti-dilutive effect.