Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Text Block]

4.  Earnings Per Share

The reconciliation of basic and diluted earnings per share on common stock for the 13 weeks ended 2013 and 2012 follows (in millions of dollars except per share data):

	13 Weeks Ended
	2013			2012
Earnings from continuing operations	$	12.9		$	9.2
Less: Earnings allocated to participating securities		(0.3	)		(0.2	)
Earnings from continuing operations available to common shareholders	$	12.6		$	9.0
Earnings from discontinued operations	$	-		$	0.4
Less: Earnings allocated to participating securities		-			-
Earnings from discontinued operations available to common shareholders	$	-		$	0.4
Net Earnings	$	12.9		$	9.6
Less: Earnings allocated to participating securities		(0.3	)		(0.2	)
Net Earnings available to common shareholders	$	12.6		$	9.4
Basic earnings per share on common stock:
Earnings from continuing operations	$	0.34		$	0.24
Earnings from discontinued operations	$	-		$	0.01
Net earnings	$	0.34		$	0.26
Diluted earnings per share on common stock:
Earnings from continuing operations	$	0.34		$	0.24
Earnings from discontinued operations	$	-		$	0.01
Net earnings	$	0.34		$	0.26
Average common shares outstanding (millions)
Basic		37.2			36.9
Diluted		37.2			36.9

Stock options representing 0.4 million and 0.5 million shares, respectively, for the 13 weeks ended 2013 and 2012 were excluded from the computation of diluted earnings per share due to their anti-dilutive effect.