Earnings Per Share

9 Months Ended

Mar. 02, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE

The following table reconciles the numerators and denominators used in the calculations of basic and diluted earnings per share (EPS).

	Three Months Ended				Nine Months Ended
	March 2, 2013		March 3, 2012		March 2, 2013		March 3, 2012
Numerators:
Numerator for both basic and diluted EPS, net earnings (In millions)	$	16.5	$	14.9	$	44.8	$	63.2
Denominators:
Denominator for basic EPS, weighted-average common shares outstanding	58,450,601		58,215,396		58,380,853		58,144,031
Potentially dilutive shares resulting from stock plans	432,176		278,460		368,632		270,676
Denominator for diluted EPS	58,882,777		58,493,856		58,749,485		58,414,707

Options to purchase 1,916,184 shares and 2,072,970 shares of common stock for the three months ended March 2, 2013 and March 3, 2012, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

Options to purchase 2,029,901 and 1,944,687 shares of common stock for the nine months ended March 2, 2013 and March 3, 2012, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

Restricted stock and restricted stock units granted to certain key employees of the company are included in the denominator for diluted EPS. Each restricted stock unit represents one equivalent share of the company's common stock to be awarded, free of restrictions, after the vesting period. However, these units do not entitle participants to the rights of shareholders of common stock, such as voting rights, and they are forfeitable at all times prior to the vesting date. Dividend-equivalent awards are credited and accumulate quarterly and are forfeitable at all times until vested. The company has certain share-based payment awards that meet the definition of participating securities. The company has evaluated the impact on EPS of all participating securities under the two-class method, noting the impact on EPS was immaterial.