XML 35 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 18, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share.
 
12 Weeks Ended
 
24 Weeks Ended
(In millions, except per share data)
June 18,
2016
 
June 20,
2015
 
June 18,
2016
 
June 20,
2015
Numerator:
 
 
 
 
 
 
 
Net earnings attributable to Wolverine World Wide, Inc.
$
24.0

 
$
25.3

 
$
41.4

 
$
65.4

Adjustment for earnings allocated to non-vested restricted common stock
(0.5
)
 
(0.4
)
 
(0.9
)
 
(1.2
)
Net earnings used in calculating basic earnings per share
23.5

 
24.9

 
40.5

 
64.2

Adjustment for earnings reallocated from non-vested restricted common stock
—

 
—

 
—

 
0.1

Net earnings used in calculating diluted earnings per share
$
23.5

 
$
24.9

 
$
40.5

 
$
64.3

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding
99.5

 
103.2

 
99.4

 
102.8

Adjustment for non-vested restricted common stock
(4.0
)
 
(3.4
)
 
(3.8)

 
(3.4)

Shares used in calculating basic earnings per share
95.5

 
99.8

 
95.6

 
99.4

Effect of dilutive stock options
0.6

 
1.8

 
0.5

 
1.9

Shares used in calculating diluted earnings per share
96.1

 
101.6

 
96.1

 
101.3

Net earnings per share:
 
 
 
 
 
 
 
Basic
$
0.25

 
$
0.25

 
$
0.42

 
$
0.65

Diluted
$
0.24

 
$
0.24

 
$
0.42

 
$
0.63