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Earnings Per Share
 3 Months Ended
Apr. 03, 2016
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 2016 and 2015 follows (in millions of dollars except per share data):
 
First Quarter
 
2016
 
2015
Net earnings
$
11.2

 
$
3.7

Less: earnings allocated to participating securities
(0.3
)
 
(0.1
)
Net earnings available to common shareholders
$
10.9

 
$
3.6

 
 
 
 
Basic earnings per share on common stock
$
0.29

 
$
0.10

Diluted earnings per share on common stock
$
0.29

 
$
0.10

 
 
 
 
Average common shares outstanding (millions):
 
 
 
Basic
38.0

 
37.7

Diluted
38.2

 
37.8


Stock options excluded from the computation of diluted earnings per share due to their anti-dilutive effect for the first quarter 2016 and 2015 were not significant.