Earnings Per Share

9 Months Ended

Sep. 01, 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		39 Weeks Ended
	September 1,	August 27,	September 1,	August 27,
(Shares in thousands)	2012	2011	2012	2011
Weighted-average common shares - basic	49,627	49,000	49,548	49,009
Equivalent shares from share-based compensations plans	1,072	917	1,010	872
Weighted-average common and common equivalent shares - diluted	50,699	49,917	50,558	49,881

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 8,478 and 1,266,273 shares of common stock at a weighted-average exercise price of $32.38 and $22.03 for the 13 weeks ended September 1, 2012 and August 27, 2011, respectively and options to purchase 6,565 and 1,017,460 shares of common stock at the weighted-average exercise price of $32.32 and $23.87 for the 39 weeks ended September 1, 2012 and August 27, 2011, respectively, were excluded from the diluted earnings per share calculations because they were antidilutive.