XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 29, 2019
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.
 
Quarter Ended
 
Year-To-Date Ended
(In millions, except per share data)
June 29,
2019
 
June 30,
2018
 
June 29,
2019
 
June 30,
2018
Numerator:
 
 
 
 
 
 
 
Net earnings attributable to Wolverine World Wide, Inc.
$
40.2

 
$
55.3

 
$
80.7

 
$
102.0

Adjustment for earnings allocated to non-vested restricted common stock
(0.8
)
 
(1.2
)
 
(1.6
)
 
(2.2
)
Net earnings used in calculating basic earnings per share
39.4

 
54.1

 
79.1

 
99.8

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

 
—

 
0.1

 
0.1

Net earnings used in calculating diluted earnings per share
$
39.4

 
$
54.1

 
$
79.2

 
$
99.9

Denominator:
 
 
 
 
 
 
 
Weighted average shares outstanding
87.4

 
94.9

 
89.2

 
95.3

Adjustment for non-vested restricted common stock
(0.5)

 
(1.8)

 
(0.8)

 
(1.9)

Shares used in calculating basic earnings per share
86.9

 
93.1

 
88.4

 
93.4

Effect of dilutive stock options
1.4

 
1.9

 
1.7

 
1.9

Shares used in calculating diluted earnings per share
88.3

 
95.0

 
90.1

 
95.3

Net earnings per share:
 
 
 
 
 
 
 
Basic
$
0.45

 
$
0.58

 
$
0.89

 
$
1.07

Diluted
$
0.45

 
$
0.57

 
$
0.88

 
$
1.05