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Earnings Per Share (Notes)
 12 Months Ended
Dec. 28, 2024
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block] EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
Fiscal Year
(In millions, except per share data)202420232022
Numerator:
Net earnings (loss) attributable to Wolverine World Wide, Inc.$47.9 $(39.6)$(188.3)
Less: net earnings attributed to participating share-based awards
(1.6)(0.7)(0.6)
Net earnings (loss) used to calculate earnings per share$46.3 $(40.3)$(188.9)
Denominator:
Weighted average shares outstanding
80.0 79.4 79.7 
Net earnings (loss) per share:
Basic
$0.58 $(0.51)$(2.37)
Diluted
$0.58 $(0.51)$(2.37)
For fiscal years 2024, 2023 and 2022, 1,592,297, 2,022,676 and 1,434,081 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.
The Company has 2,000,000 authorized shares of $1 par value preferred stock, none of which was issued or outstanding as of December 28, 2024 or December 30, 2023. The Company has designated 150,000 shares of preferred stock as Series A junior participating preferred stock and 500,000 shares of preferred stock as Series B junior participating preferred stock for possible future issuance.
The Company did not repurchase Company common stock in fiscal years 2024 or 2023. The Company repurchased $81.3 million of Company common stock in fiscal year 2022 under stock repurchase plans. In addition to the stock repurchase program activity, the Company acquired $2.6 million, $5.8 million and $7.7 million of Company common stock in fiscal years 2024, 2023 and 2022, respectively, in connection with employee transactions related to stock incentive plans.
On March 7, 2024, the Company's Board of Directors approved a common stock repurchase program that authorized the repurchase of $150.0 million of common stock over a three-year period.