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Earnings per Share
9 Months Ended
Oct. 02, 2011
Earnings per Share 
Earnings per Share

6. Earnings per Share

 

The following tables set forth the reconciliation of the calculation of earnings per share:

 

 

 

For the Third Quarter Ended October 2, 2011

 

For the Third Quarter Ended October 3, 2010

 

 

 

Income (loss)
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Income
(loss)
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

 

 

(amounts in millions, except per share amounts)

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

23.6

 

37.4

 

$

0.63

 

$

17.3

 

37.3

 

$

0.46

 

Discontinued operations

 

0.1

 

 

 

—

 

—

 

 

 

—

 

Net income

 

$

23.7

 

 

 

$

0.63

 

$

17.3

 

 

 

$

0.46

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalents

 

 

 

0.1

 

 

 

 

 

0.2

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income:

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

23.6

 

 

 

$

0.63

 

$

17.3

 

 

 

$

0.46

 

Discontinued operations

 

0.1

 

 

 

—

 

—

 

 

 

—

 

Net income

 

$

23.7

 

37.5

 

$

0.63

 

$

17.3

 

37.5

 

$

0.46

 

 

Options to purchase 0.8 million and 0.6 million shares of Class A Common Stock were outstanding during the third quarter of 2011 and 2010, respectively, but were not included in the computation of diluted EPS because to do so would be anti-dilutive.

 

 

 

For the Nine Months Ended October 2, 2011

 

For the Nine Months Ended October 3, 2010

 

 

 

Income (loss)
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

Income
(loss)
(Numerator)

 

Shares
(Denominator)

 

Per Share
Amount

 

 

 

(amounts in millions, except per share amounts)

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

47.6

 

37.5

 

$

1.27

 

$

51.7

 

37.2

 

$

1.39

 

Discontinued operations

 

1.8

 

 

 

0.05

 

(4.2

)

 

 

(0.11

)

Net income

 

$

49.4

 

 

 

$

1.32

 

$

47.5

 

 

 

$

1.28

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalents

 

 

 

0.2

 

 

 

 

 

0.2

 

 

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

47.6

 

 

 

$

1.26

 

$

51.7

 

 

 

$

1.38

 

Discontinued operations

 

1.8

 

 

 

0.05

 

(4.2

)

 

 

(0.11

)

Net income

 

$

49.4

 

37.7

 

$

1.31

 

$

47.5

 

37.4

 

$

1.27

 

 

Options to purchase 0.5 million and 0.6 million shares of Class A Common Stock were outstanding during the first nine months of 2011 and 2010, respectively, but were not included in the computation of diluted EPS because to do so would be anti-dilutive.

 

On August 2, 2011, the Board of Directors authorized a stock repurchase program of up to one million shares of the Company’s Class A Common Stock.  During the quarter ended October 2, 2011, the Company repurchased one million shares of Class A common stock at a cost of $27.2 million.