XML 62 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Earnings (Loss) per Common Share | 3 Months Ended
--- | ---
Mar. 30, 2013
Earnings Per Share [Abstract] |
Earnings (Loss) per Common Share | Note 7 – Earnings (Loss) per Common Share Basic earnings (loss) per common share is calculated by dividing Net earnings (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings per common share is calculated similarly, except that the calculation includes the dilutive effect of stock-settled SARs and stock options (collectively “options”), non-vested stock awards and performance awards. Basic and diluted earnings (loss) per common share for the three months ended March 30, 2013 and March 31, 2012, were calculated as follows:
| Three Months Ended
(in millions, except per share data) | March 30, 2013 |  | March 31, 2012
Net earnings from continuing operations | $ | 54.9 |  |  | $ | 47.0 |
Net loss from discontinued operations, net of tax | (5.1 | ) |  | (7.3 | )
Net earnings | $ | 49.8 |  |  | $ | 39.7 |
Weighted average outstanding shares – basic | 90.6 |  |  | 89.5 |
Dilutive effect of common stock equivalents | 2.9 |  |  | 2.8 |
Weighted average outstanding shares – diluted | 93.5 |  |  | 92.3 |
Basic earnings (loss) per common share: |  |  |
Continuing operations | $ | 0.61 |  |  | $ | 0.52 |
Discontinued operations | (0.06 | ) |  | (0.08 | )
Net earnings | $ | 0.55 |  |  | $ | 0.44 |
Diluted earnings (loss) per common share: |  |  |
Continuing operations | $ | 0.59 |  |  | $ | 0.51 |
Discontinued operations | (0.06 | ) |  | (0.08 | )
Net earnings | $ | 0.53 |  |  | $ | 0.43 |
As of March 30, 2013, the Company had 6.9 million options outstanding, of which 5.1 million were exercisable. This compares with 9.1 million options outstanding, of which 5.8 million were exercisable, as of March 31, 2012. During the three months ended March 30, 2013 and March 31, 2012, there were 1.0 million and 2.3 million average shares of options outstanding, respectively, for which the exercise price was greater than the average market price of the Company’s shares for the period then ended. These options were not included in the computation of diluted earnings per common share because the effect would have been anti-dilutive. Changes in average outstanding basic shares from March 31, 2012 to March 30, 2013, reflect the impact of options exercised in the first quarter of 2013.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration