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Earnings Per Share (Notes) | 3 Months Ended
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Apr. 01, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share.
| Quarter Ended |  |
(In millions, except per share data) | April 1, 2023 |  | April 2, 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |
Net earnings attributable to Wolverine World Wide, Inc. | $ | 19.0 |  |  | $ | 9.7 |  |  |  |  |
Adjustment for earnings allocated to non-vested restricted common stock | (0.4) |  |  | (0.2) |  |  |  |  |
Net earnings used in calculating basic and diluted earnings per share | $ | 18.6 |  |  | $ | 9.5 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding | 79.2 |  | 81.5 |  |  |  |
Effect of dilutive stock options | — |  | 0.4 |  |  |  |
Shares used in calculating diluted earnings per share | 79.2 |  | 81.9 |  |  |  |
Net earnings per share: |  |  |  |  |  |  |
Basic | $ | 0.23 |  |  | $ | 0.12 |  |  |  |  |
Diluted | $ | 0.23 |  |  | $ | 0.12 |  |  |  |  |
For the quarters ended April 1, 2023 and April 2, 2022, 2,170,599 and 984,771 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

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