Quarterly report pursuant to Section 13 or 15(d)

Earnings per Common Share (Tables)

v3.5.0.2
Earnings per Common Share (Tables)
6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Basic and diluted earnings per common share
Basic and diluted earnings per common share for the three months and six months ended July 2, 2016 and July 4, 2015 were calculated as follows:
 
Three Months Ended
 
Six Months Ended
(in millions, except per share data)
July 2,
2016
 
July 4,
2015
 
July 2,
2016
 
July 4,
2015
Net earnings from continuing operations
$
108.1

 
$
107.6

 
$
171.3

 
$
164.2

Earnings (loss) from discontinued operations, net of tax
(0.0
)
 
10.2

 
1.6

 
10.6

Net earnings
$
108.1

 
$
117.8

 
$
172.9

 
$
174.8

 
 
 
 
 
 
 
 
Weighted average outstanding shares – basic
91.5

 
93.3

 
91.6

 
93.6

Dilutive effect of common stock equivalents
0.8

 
1.3

 
1.0

 
1.2

Weighted average outstanding shares – diluted
92.3

 
94.6

 
92.6

 
94.8

 
 
 
 
 
 
 
 
Basic earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
1.18

 
$
1.15

 
$
1.87

 
$
1.76

Discontinued operations
(0.00
)
 
0.11

 
0.02

 
0.11

Net earnings
$
1.18

 
$
1.26

 
$
1.89

 
$
1.87

 
 
 
 
 
 
 
 
Diluted earnings (loss) per common share:
 
 
 
 
 
 
 
Continuing operations
$
1.17

 
$
1.14

 
$
1.85

 
$
1.73

Discontinued operations
(0.00
)
 
0.11

 
0.02

 
0.11

Net earnings
$
1.17

 
$
1.25

 
$
1.87

 
$
1.84