Brunswick Corporation Annual report pursuant to Section 13 and 15(d)

Earnings (Loss) per Common Share (Tables)

12 Months Ended

Dec. 31, 2011

Basic and diluted earnings (loss) per common share for the years ended December 31, 2011, 2010 and 2009 were calculated as follows:

(in millions, except per share data)	2011		2010			2009

Net earnings (loss)	$	71.9	$	(110.6	)	$	(586.2	)

Weighted average outstanding shares – basic		89.3		88.7			88.4
Dilutive effect of common stock equivalents		2.9		-			-

Weighted average outstanding shares – diluted		92.2		88.7			88.4

Basic earnings (loss) per common share	$	0.81	$	(1.25	)	$	(6.63	)

Diluted earnings (loss) per common share	$	0.78	$	(1.25	)	$	(6.63	)