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Earnings Per Share (Tables)
6 Months Ended
Jun. 15, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

(In millions, except share and per share data)

   12 Weeks Ended     24 weeks Ended  
     June 15,
2013
    June 16,
2012
    June 15,
2013
    June 16,
2012
 

Numerator:

        

Net earnings attributable to Wolverine World Wide, Inc.

   $ 17.9      $ 20.5      $ 47.7      $ 51.7   

Adjustment for earnings allocated to non-vested restricted common stock

     (0.3     (0.3     (0.9     (0.9
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings used in calculating basic earnings per share

     17.6        20.2        46.8        50.8   

Adjustment for earnings reallocated from non-vested restricted common stock

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings used in calculating diluted earnings per share

   $ 17.6      $ 20.2      $ 46.8      $ 50.8   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted average shares outstanding

     50,163,722        48,694,332        49,947,199        48,564,198   

Adjustment for non-vested restricted common stock

     (1,763,899     (1,396,931     (1,612,163     (1,386,317
  

 

 

   

 

 

   

 

 

   

 

 

 

Shares used in calculating basic earnings per share

     48,399,823        47,297,401        48,335,036        47,177,881   

Effect of dilutive stock options

     918,174        1,123,863        868,941        1,123,286   
  

 

 

   

 

 

   

 

 

   

 

 

 

Shares used in calculating diluted earnings per share

     49,317,997        48,421,264        49,203,977        48,301,167   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net earnings per share:

        

Basic

   $ 0.36      $ 0.43      $ 0.97      $ 1.08   

Diluted

   $ 0.36      $ 0.42      $ 0.95      $ 1.05