Earnings Per Share

3 Months Ended

Apr. 01, 2017

EARNINGS PER SHARE

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 the anti-dilutive shares were 0.3 million and 1.2 million for the three months ended April 1, 2017 and April 2, 2016, respectively. The following table reconciles the basic and diluted shares used in earnings per share calculations for the three months ended April 1, 2017 and April 2, 2016 (in millions):



	Three Months Ended
	April 1, 2017	April 2, 2016
Denominator for Basic Earnings Per Share	44.8	44.7
Effect of Dilutive Securities	0.3	0.3
Denominator for Diluted Earnings Per Share	45.1	45.0