Earnings Per Share

3 Months Ended

Mar. 29, 2014

Note 13: Earnings Per Share

The shares used in the computation of the company’s basic and diluted earnings per common share are as follows:


	Three Months Ended
	March 29,		March 30,
	2014		2013
Weighted-average common shares outstanding		58,206,213		58,278,564
Effect of dilutive securities		871,042		965,967

Weighted-average common shares outstanding, assuming dilution		59,077,255		59,244,531

The dilutive effect of the potential exercise of outstanding options and stock-settled SARs to purchase common shares is calculated using the treasury stock method. As of March 29, 2014, and March 30, 2013, there were 756,170 shares and zero shares, respectively, outstanding that were anti-dilutive. Performance-based equity awards do not affect the diluted earnings per share calculation until it is determined that the applicable performance metrics have been met. As of March 29, 2014, Snap-on had dilutive securities totaling 871,042 shares.

- Definition

The entire disclosure for earnings per share.

+ References+ Details