Earnings Per Share (Notes)

9 Months Ended

Oct. 01, 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)	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Numerator:
Net earnings attributable to Wolverine World Wide, Inc.	$	39.0	$	—	$	173.3	$	83.2
Adjustment for earnings allocated to non-vested restricted common stock	(0.8)		(0.2)		(3.4)		(1.4)


Net earnings (loss) used in calculating basic and diluted earnings per share	$	38.2	$	(0.2)	$	169.9	$	81.8
Denominator:
Weighted average shares outstanding	78.7		82.3		80.0		82.5
Adjustment for non-vested restricted common stock	—		—		—		(0.1)
Shares used in calculating basic earnings per share	78.7		82.3		80.0		82.4
Effect of dilutive stock options	0.2		—		0.2		1.0
Shares used in calculating diluted earnings per share	78.9		82.3		80.2		83.4
Net earnings per share:
Basic	$	0.49	$	0.00	$	2.12	$	0.99
Diluted	$	0.48	$	0.00	$	2.12	$	0.98

For the quarter and year-to-date ended October 1, 2022, 1,422,302 and 1,126,353 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 October 2, 2021, 494,447 and 576,081 outstanding stock options, respectively, have not been included in the denominator for the computation of diluted earnings per share because they were anti-dilutive.