Earnings Per Share (EPS)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Earnings Per Share (EPS)

EARNINGS PER SHARE (EPS)

The numerator for the calculation of basic and diluted earnings per share is Net Income Attributable to Regal Beloit Corporation. The denominator is computed as follows (in millions):

	Three Months Ended		Six Months Ended
	June 30, 2012	July 2, 2011	June 30, 2012	July 2, 2011
Denominator for basic EPS (weighted average)	41.7	38.7	41.6	38.6
Effect of dilutive securities	0.3	0.5	0.4	0.6
Denominator for diluted EPS	42.0	39.2	42.0	39.2

The “Effect of dilutive securities” represents the dilution impact of equity awards for the three and six months endedJune 30, 2012 and July 2, 2011, respectively. As of the three months endedJune 30, 2012, the Company had approximately 0.6 million shares where the exercise price was above the market price, and which were excluded from the calculation of the effect dilutive shares as the effect of such options was anti-dilutive. There were no shares where the exercise price was above the market price for the three months endedJuly 2, 2011. For the six months endedJune 30, 2012 and July 2, 2011, there were 0.6 million and 0.4 million, respectively, where the exercise price was above the market price, and which were excluded from the calculation of the effect of dilutive shares as the effect of such options was anti-dilutive.