Net Income Per Share

9 Months Ended

Sep. 28, 2013

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 28, 2013			September 29, 2012		September 28, 2013			September 29, 2012
(A)	Income from continuing operations	$	62.0		$	35.9	$	199.6		$	129.6
(B)	(Loss) income from discontinued operations, net of tax	(15.5		)	22.4		(26.5		)	36.8
(C)	Net income available to common shareholders	$	46.5		$	58.3	$	173.1		$	166.4
(D)	Weighted-average number of common shares outstanding	97.9			101.1		99.1			103.4
	Dilutive shares (additional common shares issuable under employee stock-based awards)	1.7			1.1		1.6			.8
(E)	Weighted-average number of common shares outstanding, assuming dilution	99.6			102.2		100.7			104.2
Net income per common share:
	Continuing operations (A) ÷ (D)	$	.63		$	.36	$	2.01		$	1.25
	Discontinued operations (B) ÷ (D)	(.16		)	.22		(.26		)	.36
Net income per common share (C) ÷ (D)		$	.47		$	.58	$	1.75		$	1.61
Net income per common share, assuming dilution:
	Continuing operations (A) ÷ (E)	$	.62		$	.35	$	1.98		$	1.25
	(Loss) income from discontinued operations, net of tax (B) ÷ (E)	(.15		)	.22		(.26		)	.35
Net income per common share, assuming dilution (C) ÷ (E)		$	.47		$	.57	$	1.72		$	1.60

Certain stock-based compensation awards were not included in the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect.  Stock-based compensation awards excluded from the computation totaled approximately 5 million shares and 6 million shares for the three and nine months ended September 28, 2013, respectively, and approximately 11 million shares and 12 million shares for the three and nine months ended September 29, 2012, respectively.