XML 65 R12.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Earnings (Loss) per Common Share | 9 Months Ended
--- | ---
Sep. 28, 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 and nine months ended September 28, 2013, and for the comparable periods ended September 29, 2012, were calculated as follows:
| Three Months Ended |  | Nine Months Ended
(in millions, except per share data) | September 28, 2013 |  | September 29, 2012 |  | September 28, 2013 |  | September 29, 2012
Net earnings from continuing operations | $ | 57.4 |  |  | $ | 22.5 |  |  | $ | 191.6 |  |  | $ | 163.5 |
Net earnings (loss) from discontinued operations, net of tax | 0.4 |  |  | (20.5 | ) |  | (3.6 | ) |  | (38.2 | )
Net earnings | $ | 57.8 |  |  | $ | 2.0 |  |  | $ | 188.0 |  |  | $ | 125.3 |
Weighted average outstanding shares – basic | 91.3 |  |  | 89.8 |  |  | 91.0 |  |  | 89.7 |
Dilutive effect of common stock equivalents | 2.7 |  |  | 2.7 |  |  | 2.7 |  |  | 2.6 |
Weighted average outstanding shares – diluted | 94.0 |  |  | 92.5 |  |  | 93.7 |  |  | 92.3 |
Basic earnings (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 0.63 |  |  | $ | 0.25 |  |  | $ | 2.11 |  |  | $ | 1.82 |
Discontinued operations | 0.00 |  |  | (0.23 | ) |  | (0.04 | ) |  | (0.42 | )
Net earnings | $ | 0.63 |  |  | $ | 0.02 |  |  | $ | 2.07 |  |  | $ | 1.40 |
Diluted earnings (loss) per common share: |  |  |  |  |  |  |
Continuing operations | $ | 0.61 |  |  | $ | 0.24 |  |  | $ | 2.05 |  |  | $ | 1.77 |
Discontinued operations | 0.00 |  |  | (0.22 | ) |  | (0.04 | ) |  | (0.41 | )
Net earnings | $ | 0.61 |  |  | $ | 0.02 |  |  | $ | 2.01 |  |  | $ | 1.36 |
As of September 28, 2013, the Company had 6.2 million options outstanding, of which 4.9 million were exercisable. This compares with 8.4 million options outstanding, of which 5.7 million were exercisable, as of September 29, 2012. During both the three months and nine months ended September 28, 2013, there were 0.9 million average shares of options outstanding 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. This compares to 2.2 million and 2.3 million anti-dilutive weighted average shares of options outstanding that were excluded from the corresponding periods ended September 29, 2012. Changes in average outstanding basic shares from September 29, 2012 to September 28, 2013, reflect the impact of options exercised and the vesting of stock and performance awards since the beginning of 2012.

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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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 3: 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 4: 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=32703322&loc=d3e4984-109258 Reference 5: 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=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration