XML 57 R40.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) Per Common Share (Tables)
 6 Months Ended
Jun. 27, 2014
Earnings Per Share [Abstract]  
Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share
 
Three Fiscal Months Ended
 
Six Fiscal Months Ended
(in millions, except per share data)
June 27, 2014
 
June 28, 2013
 
June 27, 2014
 
June 28, 2013
Earnings (loss) per common share – basic:
 
 
 
 
 
 
 
Net income (loss) attributable to Company common shareholders
$
(24.8
)
 
$
8.2

 
$
(340.2
)
 
$
(37.6
)
Less: Net income allocated to participating securities (4)
—

 
—

 
—

 
—

Net income (loss) for basic EPS computations (1)
(24.8
)
 
8.2

 
(340.2
)
 
(37.6
)
Weighted average shares outstanding for basic EPS computation (2)
48.7

 
49.5

 
48.9

 
49.6

Earnings (loss) per common share – basic (3)
$
(0.51
)
 
$
0.17

 
$
(6.96
)
 
$
(0.76
)
Earnings (loss) per common share – assuming dilution:
 
 
 
 
 
 
 
Net income (loss) attributable to Company common shareholders
$
(24.8
)
 
$
8.2

 
$
(340.2
)
 
$
(37.6
)
Add: preferred stock dividends, if applicable
—

 
0.1

 
—

 
—

Net income (loss) for diluted EPS computation (1)
$
(24.8
)
 
$
8.3

 
$
(340.2
)
 
$
(37.6
)
Weighted average shares outstanding including nonvested shares
48.7

 
49.5

 
48.9

 
49.6

Dilutive effect of convertible notes
—

 
1.2

 
—

 
—

Dilutive effect of stock options and restricted stock units
—

 
0.3

 
—

 
—

Weighted average shares outstanding for diluted EPS computation (2)
48.7

 
51.0

 
48.9

 
49.6

Earnings (loss) per common share – assuming dilution
$
(0.51
)
 
$
0.16

 
$
(6.96
)
 
$
(0.76
)
(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).
(4)
Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above; however, the effect rounded to $0.0 million in the three and six months ended June 27, 2014.
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.