Earnings Per Share (Tables)

9 Months Ended

Oct. 01, 2022

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