Earnings Per Share (Notes)

6 Months Ended

Jul. 02, 2022

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)	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Numerator:
Net earnings attributable to Wolverine World Wide, Inc.	$	124.6	$	44.7	$	134.3	$	83.2
Adjustment for earnings allocated to non-vested restricted common stock	(2.5)		(0.7)		(2.6)		(1.4)


Net earnings used in calculating basic and diluted earnings per share	$	122.1	$	44.0	$	131.7	$	81.8
Denominator:
Weighted average shares outstanding	79.7		82.6		80.6		82.5
Adjustment for non-vested restricted common stock	—		(0.1)		—		(0.2)
Shares used in calculating basic earnings per share	79.7		82.5		80.6		82.3
Effect of dilutive stock options	0.2		1.1		0.3		1.1
Shares used in calculating diluted earnings per share	79.9		83.6		80.9		83.4
Net earnings per share:
Basic	$	1.53	$	0.53	$	1.63	$	0.99
Diluted	$	1.53	$	0.53	$	1.63	$	0.98

For the quarter and year-to-date ended July 2, 2022, 1,458,340 and 1,070,944 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.

For the quarter and year-to-date ended July 3, 2021, 426,920 and 345,247 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.