Basic and diluted earnings (loss) per common share for the three months and six months ended June 29, 2013, and for the comparable periods ended June 30, 2012, were calculated as follows:
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Three Months Ended |
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Six Months Ended |
(in millions, except per share data) |
June 29,
2013 |
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June 30,
2012 |
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June 29,
2013 |
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June 30,
2012 |
Net earnings from continuing operations |
$ |
79.3 |
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$ |
94.0 |
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$ |
134.2 |
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$ |
141.0 |
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Net earnings (loss) from discontinued operations, net of tax |
1.1 |
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(10.4 |
) |
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(4.0 |
) |
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(17.7 |
) |
Net earnings |
$ |
80.4 |
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$ |
83.6 |
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$ |
130.2 |
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$ |
123.3 |
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Weighted average outstanding shares – basic |
91.0 |
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89.7 |
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90.8 |
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89.6 |
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Dilutive effect of common stock equivalents |
2.6 |
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2.7 |
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2.8 |
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2.7 |
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Weighted average outstanding shares – diluted |
93.6 |
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92.4 |
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93.6 |
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92.3 |
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Basic earnings (loss) per common share: |
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Continuing operations |
$ |
0.87 |
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$ |
1.05 |
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$ |
1.48 |
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$ |
1.57 |
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Discontinued operations |
0.01 |
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(0.12 |
) |
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(0.05 |
) |
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(0.19 |
) |
Net earnings |
$ |
0.88 |
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$ |
0.93 |
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$ |
1.43 |
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$ |
1.38 |
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Diluted earnings (loss) per common share: |
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Continuing operations |
$ |
0.85 |
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$ |
1.02 |
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$ |
1.43 |
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$ |
1.53 |
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Discontinued operations |
0.01 |
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(0.12 |
) |
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(0.04 |
) |
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(0.19 |
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Net earnings |
$ |
0.86 |
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$ |
0.90 |
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$ |
1.39 |
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$ |
1.34 |
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