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Earnings Per Share (EPS)
 3 Months Ended
Mar. 29, 2014
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
 
March 29,
2014
 
March 30,
2013
Denominator for basic EPS (weighted average)
45.1

 
45.0

Effect of dilutive securities
0.3

 
0.3

Denominator for diluted EPS (weighted average)
45.4

 
45.3



The “Effect of dilutive securities” represents the dilution impact of equity awards. For the three months ended March 29, 2014 and March 30, 2013, respectively, there were 0.7 million and 0.6 million options where the exercise price was above the average market price which were excluded from the calculation of the effect of dilutive shares as the effect of such options was anti-dilutive.