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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2012
Calculation of Basic and Diluted Earnings Per Share

Basic and diluted earnings per share were calculated as follows:

 

     Six Months Ended
June 30,
    Three Months Ended
June 30,
 
     2012     2011     2012     2011  

Earnings:

        

Earnings from continuing operations

   $ 107.5      $ 101.8      $ 63.0      $ 55.5   

(Earnings) loss attributable to noncontrolling interest, net of tax

     (1.0     (2.1     (.5     (.8
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings from continuing operations attributable to Leggett & Platt, Inc. common shareholders

   $ 106.5      $ 99.7      $ 62.5      $ 54.7   

Earnings from discontinued operations, net of tax

     2.4        —          2.4        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings attributable to Leggett & Platt, Inc. common shareholders

   $ 108.9      $ 99.7      $ 64.9      $ 54.7   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of shares:

        

Weighted average number of common shares used in basic EPS

     143.8        147.4        144.1        145.6   

Additional dilutive shares principally from the assumed exercise of outstanding stock options

     1.5        1.7        1.3        1.8   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common shares and dilutive potential common shares used in diluted EPS

     145.3        149.1        145.4        147.4   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and Diluted EPS:

        

Basic EPS attributable to Leggett & Platt, Inc. common shareholders

        

Continuing operations

   $ .74      $ .68      $ .43      $ .38   

Discontinued operations

     .02        —          .02        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic EPS attributable to Leggett & Platt, Inc. common shareholders

   $ .76      $ .68      $ .45      $ .38   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted EPS attributable to Leggett & Platt, Inc. common shareholders

        

Continuing operations

   $ .73      $ .67      $ .43      $ .37   

Discontinued operations

     .02        —          .02        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted EPS attributable to Leggett & Platt, Inc. common shareholders

   $ .75      $ .67      $ .45      $ .37   
  

 

 

   

 

 

   

 

 

   

 

 

 

Other information:

        

Shares issuable under employee and non-employee stock options

     11.5        11.6        11.5        11.6   

Anti-dilutive shares excluded from diluted EPS computation

     3.0        2.0        3.3        1.7