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Earnings Per Share (EPS)
 9 Months Ended
Sep. 28, 2013
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
 
Nine Months Ended
 
September 28,
2013
 
September 29,
2012
 
September 28,
2013
 
September 29,
2012
Denominator for basic EPS (weighted average)
45.1

 
41.7

 
45.0

 
41.7

Effect of dilutive securities
0.3

 
0.3

 
0.3

 
0.3

Denominator for diluted EPS (weighted average)
45.4

 
42.0

 
45.3

 
42.0



The “Effect of dilutive securities” represents the dilution impact of equity awards. For the three months ended September 28, 2013 and September 29, 2012, respectively, there were 0.7 million and 0.3 million options where the exercise price was above the average market price, and which were excluded from the calculation of the effect of dilutive shares as the effect of such options was anti-dilutive. For the nine months ended September 28, 2013 and September 29, 2012, there were 0.7 million and 0.3 million options, respectively, where the exercise price was above the average market price and which were excluded from the calculation of the effect of dilutive shares as the effect of such options was anti-dilutive.