Net Income Per Share

9 Months Ended

Sep. 29, 2012

Net Income Per Share

Net Income Per Share

Note 12.  Net Income Per Share

Net income per common share was computed as follows:

	Three Months Ended		Nine Months Ended
(In millions, except per share amounts)	September 29, 2012	October 1, 2011	September 29, 2012	October 1, 2011
(A)Income from continuing operations	$   38.1	$   35.4	$  135.7	$  125.4
(B)Income from discontinued operations	20.2	14.4	30.7	42.5
(C)Net income available to common shareholders	$   58.3	$   49.8	$   166.4	$  167.9
(D)Weighted-average number of common shares outstanding	101.1	106.0	103.4	105.7
Dilutive shares (additional common shares issuable under employee stock-based awards)	1.1	.6	.8	1.0
(E)Weighted-average number of common shares outstanding, assuming dilution	102.2	106.6	104.2	106.7
Net income per common share:
Continuing operations (A) ÷ (D)	$     .38	$     .33	$    1.31	$    1.19
Discontinued operations (B) ÷ (D)	.20	.14	.30	.40
Net income per common share (C) ÷ (D)	$     .58	$     .47	$    1.61	$    1.59
Net income per common share, assuming dilution:
Continuing operations (A) ÷ (E)	$     .37	$     .33	$    1.30	$    1.17
Discontinued operations (B) ÷ (E)	.20	.14	.30	.40
Net income per common share, assuming dilution (C) ÷ (E)	$     .57	$     .47	$    1.60	$    1.57

Certain employee stock-based awards were not included in the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect.  Employee stock-based awards excluded from the computation totaled approximately 11 million shares and 12 million shares for the three and nine months ended September 29, 2012, respectively, and approximately 12 million shares and 11 million shares for the three and nine months ended October 1, 2011, respectively.