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Earnings Per Share
 3 Months Ended
Mar. 29, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The reconciliation of basic and diluted earnings per share on common stock for the first quarter 2015 and 2014 follows (in millions of dollars except per share data):
 
First Quarter
 
2015
 
2014
Net Earnings
$
3.7

 
$
2.5

Less: Earnings allocated to participating securities
(0.1
)
 
(0.1
)
Net Earnings available to common shareholders
$
3.6

 
$
2.4

 
 
 
 
Basic earnings per share on common stock
$
0.10

 
$
0.07

Diluted earnings per share on common stock
$
0.10

 
$
0.07

 
 
 
 
Average common shares outstanding (millions):
 
 
 
Basic
37.7

 
37.4

Diluted
37.8

 
37.4


Stock options excluded from the computation of diluted earnings per share due to their anti-dilutive effect for the first quarter 2015 were not significant. Stock options representing 0.2 million shares for the first quarter 2014 were excluded from the computation of diluted earnings per share due to their anti-dilutive effect.