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Earnings per Common Share | 3 Months Ended
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Apr. 01, 2017
Earnings Per Share [Abstract] |
Earnings Per Common Share | Earnings per Common Share Basic earnings per common share is calculated by dividing Net earnings by the weighted average outstanding shares which includes certain vested, unissued equity awards. Diluted earnings per common share is calculated similarly, except that the calculation includes the dilutive effect of stock-settled SARs, non-vested stock awards and performance awards. Basic and diluted earnings per common share for the three months ended April 1, 2017 and April 2, 2016 were calculated as follows:
(in millions, except per share data) | April 1, 2017 |  | April 2, 2016
Net earnings from continuing operations | $ | 64.9 |  |  | $ | 63.2 |
Net earnings from discontinued operations, net of tax | — |  |  | 1.6 |
Net earnings | $ | 64.9 |  |  | $ | 64.8 |
Weighted average outstanding shares-basic | 90.1 |  |  | 91.8 |
Dilutive effect of common stock equivalents | 1.0 |  |  | 1.0 |
Weighted average outstanding shares-diluted | 91.1 |  |  | 92.8 |
Basic earnings per common share: |  |  |
Continuing operations | $ | 0.72 |  |  | $ | 0.69 |
Discontinued operations | — |  |  | 0.02 |
Net earnings | $ | 0.72 |  |  | $ | 0.71 |
Diluted earnings per common share: |  |  |
Continuing operations | $ | 0.71 |  |  | $ | 0.68 |
Discontinued operations | — |  |  | 0.02 |
Net earnings | $ | 0.71 |  |  | $ | 0.70 |
There were no anti-dilutive shares of SARs that were excluded from the computation of diluted earnings per share for the periods ended April 1, 2017 and April 2, 2016.

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