Earnings (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 30, 2018

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
	March 30, 2018			March 31, 2017
Amounts attributable to the Company – basic and diluted:
Net income (loss) attributable to Company common shareholders	$	(4.3	)	$	12.4
Net income (loss) for EPS computations ⁽¹⁾	$	(4.3	)	$	12.4
Weighted average shares outstanding for basic EPS computation ⁽²⁾	50.9			49.8
Earnings (loss) per common share attributable to Company common shareholders – basic ⁽³⁾	$	(0.08	)	$	0.25
Weighted average shares outstanding including nonvested shares	50.9			49.8
Dilutive effect of stock options and restricted stock units	—			1.8
Weighted average shares outstanding for diluted EPS computation ⁽²⁾	50.9			51.6
Earnings (loss) per common share attributable to Company common shareholders – assuming dilution	$	(0.08	)	$	0.24


(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 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⁾
$31.00	280,970	280,970
$33.00	1,120,585	1,120,585
$35.00	1,864,244	1,864,244
$37.00	2,527,507	2,527,507
$39.00	3,122,743	3,122,743


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