Earnings Per Share

6 Months Ended

Jun. 02, 2012

Earnings per Share Abstract

Earnings Per Share Disclosure

Note 4: Earnings Per Share
A reconciliation of the common share components for the basic and diluted earnings per share calculations follows:
	13 Weeks Ended		26 Weeks Ended
	June 2,	May 28,	June 2,	May 28,
(Shares in thousands)	2012	2011	2012	2011
Weighted-average common shares - basic	49,652	49,021	49,509	49,013
Equivalent shares from share-based compensations plans	1,070	829	979	850
Weighted-average common and common equivalent shares - diluted	50,722	49,850	50,488	49,863

Basic earnings per share is calculated by dividing net income attributable to H.B.Fuller by the weighted-average number of common shares outstanding during the applicable period. Diluted earnings per share is based upon the weighted-average number of common and common equivalent shares outstanding during the applicable period. The difference between basic and diluted earnings per share is attributable to share-based compensation awards. We use the treasury stock method to calculate the effect of outstanding shares, which computes total employee proceeds as the sum of (a) the amount the employee must pay upon exercise of the award, (b) the amount of unearned share-based compensation costs attributed to future services and (c) the amount of tax benefits, if any, that would be credited to additional paid-in capital assuming exercise of the award. Share-based compensation awards for which total employee proceeds exceed the average market price over the applicable period have an antidilutive effect on earnings per share, and accordingly, are excluded from the calculation of diluted earnings per share.

Options to purchase 4,652 and 820,095 shares of common stock at a weighted-average exercise price of $32.32 and $24.31 for the 13 weeks ended June 2, 2012 and May 28, 2011, respectively and options to purchase 4,652 and 893,053 shares of common stock at the weighted-average exercise price of $32.32 and $24.50 for the 26 weeks ended June 2, 2012 and May 28, 2011, respectively, were excluded from the diluted earnings per share calculations because they were antidilutive.