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Earnings Per Share
9 Months Ended
Sep. 29, 2019
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The reconciliation of basic and diluted earnings (loss) per share on common stock for the third quarter and September year to date 2019 and 2018 follows (in millions of dollars except per share data):
 
Third Quarter
 
September Year to Date
 
2019
 
2018
 
2019
 
2018
Net earnings (loss)
$
(10.5
)
 
$
33.1

 
$
95.4

 
$
46.8

Less: earnings allocated to participating securities

 
(0.4
)
 
(1.0
)
 
(0.5
)
Net earnings (loss) available to common shareholders
$
(10.5
)
 
$
32.7

 
$
94.4

 
$
46.3

 
 
 
 
 
 
 
 
Average shares outstanding (millions):
 
 
 
 
 
 
 
Basic
39.1

 
38.8

 
39.0

 
38.7

Dilutive share awards

 
0.1

 
0.2

 
0.1

Diluted
39.1

 
38.9

 
39.2

 
38.8

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
(0.27
)
 
$
0.84

 
$
2.42

 
$
1.20

Diluted earnings (loss) per share
$
(0.27
)
 
$
0.84

 
$
2.41

 
$
1.19


Potentially dilutive shares outstanding are primarily related to performance shares for the third quarter and September year to date 2019 and 2018.

Dividends paid per share for Class A and Class B common stock were $0.075 for the third quarter 2019 and 2018 and $0.225 for September year to date 2019 and 2018.