Earnings (Loss) Per Share (Tables)

6 Months Ended

Jul. 02, 2011

Weighted-Average Shares Outstanding Used to Calculate Basic and Diluted Earnings (Loss) Per Share

The following table reconciles the weighted-average shares outstanding used to calculate basic and diluted earnings (loss) per share for the three and six months ended July 2, 2011 and July 3, 2010:

	Second Quarter				Year to Date
	2011		2010		2011		2010
Numerator (in millions):
Net Earnings (Loss) Attributable to Stanley Black & Decker, Inc.	$	197.3	$	45.8	$	356.0	$	(62.8)
Less Earnings (Loss) Attributable to participating RSUs		0.4		0.2		0.8		(0.1)
Net Earnings (Loss)— basic	$	196.9	$	45.6	$	355.2	$	(62.7)
Net Earnings (Loss) — dilutive	$	197.3	$	45.8	$	356.0	$	(62.8)
Denominator (in thousands):
Basic earnings per share — weighted-average shares		168,119		162,847		167,679		129,163
Dilutive effect of stock options and awards		4,956		3,237		4,750		—
Diluted earnings per share — weighted-average shares		173,075		166,084		172,429		129,163
Earnings (Loss) per share of common stock:
Basic	$	1.17	$	0.28	$	2.12	$	(0.49)
Diluted	$	1.14	$	0.28	$	2.06	$	(0.49)

Weighted-Average Shares Outstanding But Not Included in the Computation of Diluted Shares Outstanding

The following weighted-average stock options, restricted shares and awards, other equity awards, and warrants were outstanding during the three and six months ended July 2, 2011 and July 3, 2010, respectively, but were not included in the computation of diluted shares outstanding because the effect would be anti-dilutive (in thousands):

		4,939		4,939		4,939		4,939
	Second Quarter				Year to Date
	2011		2010		2011		2010
Number of stock options		1,146		3,473		1,518		3,804(a)
Number of restricted shares and awards		—		—		—		671(a)
Number of other equity awards		—		—		—		136(a)
Number of stock warrants		4,939		4,939		4,939		4,939
Number of shares related to the May 2010 equity purchase contracts		—		3,887		—		4,750

(a) Of these excluded shares, 1.6 million stock options, 0.7 million restricted shares and awards, and 0.1 million of other equity awards were anti-dilutive because of the Company’s net loss for the year to date period ended July 3, 2010.