Income Per Common Share (Tables)

3 Months Ended

Mar. 31, 2012

Income per Common Share [Abstract]

Calculation of basic and diluted Income per Common Share

	Three Months Ended
	March 31, 2012			April 2, 2011
Numerator for basic and diluted income per common share:
Income from continuing operations attributable to Warnaco Group common shareholders and participating securities	$	32,882		$	44,532
Less: allocation to participating securities		(437	)		(652	)
Income from continuing operations attributable to Warnaco Group common shareholders	$	32,445		$	43,880
Income (Loss) from discontinued operations, net of tax, attributable to Warnaco Group common shareholders and participating securities	$	3,034		$	(501	)
Less: allocation to participating securities		(40	)		7
Income (Loss) from discontinued operations attributable to Warnaco Group common shareholders	$	2,994		$	(494	)
Net income attributable to Warnaco Group common shareholders and participating securities	$	35,916		$	44,031
Less: allocation to participating securities		(477	)		(645	)
Net income attributable to Warnaco Group common shareholders	$	35,439		$	43,386
Basic income per common share attributable to Warnaco Group common shareholders:
Weighted average number of common shares outstanding used in computing income per common share		40,530,667			43,891,868
Income per common share from continuing operations	$	0.80		$	1.00
Income (Loss) per common share from discontinued operations		0.07			(0.01	)
Net income per common share	$	0.87		$	0.99
Diluted income per share attributable to Warnaco Group common shareholders:
Weighted average number of common shares outstanding used in computing basic income per common share		40,530,667			43,891,868
Effect of dilutive securities:
Stock options and restricted stock units		887,285			898,863
Weighted average number of shares and share equivalents used in computing income per common share		41,417,952			44,790,731
Income per common share from continuing operations	$	0.78		$	0.98
Income (Loss) per common share from discontinued operations		0.08			(0.01	)
Net income per common share	$	0.86		$	0.97
Number of anti-dilutive “out-of-the-money” stock options outstanding (a)		8,450			331,150

(a) options to purchase shares of common stock at an exercise price greater than the average market price of the underlying shares are anti-dilutive and therefore not included in the computation of diluted income per common share from continuing operations.