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Earnings Per Share
 9 Months Ended
Sep. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The reconciliation of basic and diluted earnings per share on common stock for the third quarter and September year to date 2014 and 2013 follows (in millions of dollars except per share data):
 
Third Quarter
 
September Year to Date
 
2014
 
2013
 
2014
 
2013
Net Earnings
$
1.4

 
$
18.8

 
$
6.7

 
$
41.7

Less: Earnings allocated to participating securities
—

 
(0.4
)
 
(0.2
)
 
(1.0
)
Net Earnings available to common shareholders
$
1.4

 
$
18.4

 
$
6.5

 
$
40.7

 
 
 
 
 
 
 
 
Basic earnings per share on common stock
$
0.03

 
$
0.49

 
$
0.17

 
$
1.09

Diluted earnings per share on common stock
$
0.03

 
$
0.49

 
$
0.17

 
$
1.09

 
 
 
 
 
 
 
 
Average common shares outstanding (millions)
 
 
 
 
 
 
 
Basic
37.6

 
37.4

 
37.5

 
37.2

Diluted
37.6

 
37.4

 
37.5

 
37.3


Stock options representing 0.0 million and 0.2 million shares, respectively, for the third quarter 2014 and 2013 and 0.1 million and 0.3 million shares, respectively, for September year to date 2014 and 2013, were excluded from the computation of diluted earnings per share due to their anti-dilutive effect.