Earnings Per Share ("EPS")

6 Months Ended

Jul. 04, 2015

EARNINGS PER SHARE ("EPS")

Diluted earnings per share is computed based upon earnings applicable to common shares divided by the weighted-average number of common shares outstanding during the period adjusted for the effect of other dilutive securities. Options for common shares where the exercise price was above the market price have been excluded from the calculation of effect of dilutive securities shown below; the amount of these shares were 0.3 million and 0.3 million for the three months ended July 4, 2015 and June 28, 2014 and 0.2 million and 0.2 million for the six months ended July 4, 2015 and June 28, 2014 respectively. The following table reconciles the basic and diluted shares used in EPS calculations for the three and six months ended July 4, 2015 and June 28, 2014 (in millions):



	Three Months Ended		Six Months Ended
	July 4, 2015	June 28, 2014	July 4, 2015	June 28, 2014
Denominator for basic EPS	44.8	45.2	44.8	45.1
Effect of dilutive securities	0.4	0.3	0.3	0.4
Denominator for diluted EPS	45.2	45.5	45.1	45.5