Equity

Elimination of Class B Common Stock

In April 2017, the Company's stockholders approved the proposed Third Amended and Restated Certificate of Incorporation of the Company (the “Certificate”) which eliminated all references to class B common stock, including but not limited to the provisions relating to the rights, preferences and limitations of class B common stock, and made related conforming changes.

As a result of the elimination of 150,000,000 previously authorized shares of class B common stock, the Company's total number of shares of capital stock authorized to be issued was reduced from 360,000,000 to 210,000,000, comprised of 200,000,000 shares of class A common stock and 10,000,000 shares of preferred stock. The Certificate did not change any substantive terms of the Company's class A common stock or preferred stock or any powers or rights of their respective holders.

Earnings Per Share Calculation

Basic net income per share is computed using the weighted-average number of outstanding shares of common stock during the measurement period. Diluted net income per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential outstanding shares of common stock during the measurement period.

The Company accounts for treasury stock under the cost method and includes treasury stock as a component of stockholders’ equity. As of September 28, 2017, no treasury shares have been reissued or retired.

The following table sets forth the computation of basic and diluted earnings per share:



	For the Three Months Ended
	September 28, 2017					September 29, 2016
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
Income available to common stockholders	$	147.1	115.8	$	1.27	$	144.9	124.4	$	1.16
Income allocated to participating securities	0.1		0.1			0.2		0.1
Net income	$	147.2				$	145.1

Diluted potential common shares			1.1					0.8
Diluted EPS
Net income	$	147.2	117.0	$	1.26	$	145.1	125.3	$	1.16



	For the Nine Months Ended
	September 28, 2017					September 29, 2016
	Income		Shares	Per Share Amount		Income		Shares	Per Share Amount
Basic EPS
Income available to common shareholders	$	231.9	117.8	$	1.97	$	361.2	128.2	$	2.82
Income allocated to participating securities	0.2		0.1			0.3		0.1
Net income	$	232.1				$	361.5

Diluted potential common shares			1.1					0.7
Diluted EPS
Net income	$	232.1	119.0	$	1.95	$	361.5	129.0	$	2.80

Included in the outstanding common shares were 1.5 million and 1.6 million of issued but unvested shares at September 28, 2017 and September 29, 2016, respectively, which are excluded from the basic EPS calculation.

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss is summarized by component as follows:



	As of			As of
	September 28, 2017			December 31, 2016
Pension	$	(98.5	)	$	(98.5	)
SERP/Retiree medical	19.0			20.5
Foreign currency impact on long term intercompany loan	(15.2		)	(19.1		)
Currency translation adjustment	(58.6		)	(89.8		)
Total accumulated other comprehensive loss	$	(153.3	)	$	(186.9	)