XML 12 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings (Loss) Per Common Share (Tables)
 9 Months Ended
Sep. 28, 2012
Earnings Per Share [Abstract]  
Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share
A reconciliation of the numerator and denominator of earnings (loss) per common share – basic to earnings (loss) per common share – assuming dilution is as follows (in millions, except per share data):
 
Three Fiscal Months Ended
 
Nine Fiscal Months Ended
(in millions, except per share data)
September 28, 2012
 
September 30, 2011
 
September 28, 2012
 
September 30, 2011
Earnings (loss) per common share – basic:
 
 
 
 
 
 
 
Net income (loss) for basic EPS computation (1)
$
(20.6
)
 
$
(2.1
)
 
$
20.9

 
$
65.1

Weighted average shares outstanding for basic EPS computation (2)
49.7

 
52.2

 
49.8

 
52.2

Earnings (loss) per common share – basic (3)
$
(0.41
)
 
$
(0.04
)
 
$
0.42

 
$
1.25

Earnings (loss) per common share – assuming dilution:
 
 
 
 
 
 
 
Net income (loss) attributable to Company common shareholders
$
(20.6
)
 
$
(2.1
)
 
$
20.9

 
$
65.1

Add: preferred stock dividends, if applicable
0.1

 
0.1

 
0.3

 
0.3

Net income (loss) for diluted EPS computation (1)
$
(20.5
)
 
$
(2.0
)
 
$
21.2

 
$
65.4

Weighted average shares outstanding including nonvested shares
49.7

 
52.2

 
49.8

 
52.2

Dilutive effect of convertible notes
—

 
—

 
—

 
0.8

Dilutive effect of stock options and restricted stock units
—

 
—

 
1.0

 
0.8

Dilutive effect of assumed conversion of preferred stock
—

 
—

 
0.4

 
0.4

Weighted average shares outstanding for diluted EPS computation (2)
49.7

 
52.2

 
51.2

 
54.2

Earnings (loss) per common share – assuming dilution
$
(0.41
)
 
$
(0.04
)
 
$
0.41

 
$
1.21

(1)
Numerator
(2)
Denominator
(3)
Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).
Impact Of Company's Stock Price On Assuming Dilution Calculation For The Convertible Notes
The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the 0.875% Convertible Notes. The table also reflects the impact on the number of shares that the Company would expect to issue upon concurrent settlement of the 0.875% Convertible Notes and the note hedges and warrants.
Share Price
Shares
Underlying
0.875%
Convertible
Notes
 
Warrant
Shares
 
Total Treasury
Method
Incremental
Shares (1)
 
Shares Due
to the
Company
under
Note Hedges
 
Incremental
Shares
Issued by the
Company upon
Conversion (2)
$50.36
—

 
—

 
—

 
—

 
—

$60.36
1,167,502

 
—

 
1,167,502

 
(1,167,502
)
 
—

$70.36
2,003,400

 
—

 
2,003,400

 
(2,003,400
)
 
—

$80.36
2,631,259

 
382,618

 
3,013,877

 
(2,631,259
)
 
382,618

$90.36
3,120,150

 
1,120,363

 
4,240,513

 
(3,120,150
)
 
1,120,363

$100.36
3,511,614

 
1,711,088

 
5,222,702

 
(3,511,614
)
 
1,711,088

(1)
Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.
(2)
Represents the number of incremental shares to be issued by the Company upon conversion of the 0.875% Convertible Notes, assuming concurrent settlement of the note hedges and warrants.
Impact Of Company's Stock Price On Assuming Dilution Calculation For The Senior Convertible Notes
The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the 1.00% Senior Convertible Notes.
Share Price
Shares Underlying 1.00% Senior Convertible Notes
 
Total Treasury Method Incremental Shares (1)
$83.93
—

 
—

$93.93
13,425

 
13,425

$103.93
24,271

 
24,271

$113.93
33,213

 
33,213

$123.93
40,712

 
40,712

$133.93
47,091

 
47,091

(1)
Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.
Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes
The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the Subordinated Convertible Notes.
Share Price
Shares Underlying Subordinated Convertible Notes
 
Total Treasury Method Incremental Shares (1)
$36.75
—

 
—

$38.75
603,152

 
603,152

$40.75
1,147,099

 
1,147,099

$42.75
1,640,151

 
1,640,151

$44.75
2,089,131

 
2,089,131

 
(1)
Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.