Exhibit No. 11.2
ARMSTRONG HOLDINGS, INC. AND SUBSIDIARIES
COMPUTATION FOR DILUTED EARNINGS PER SHARE
(AMOUNTS IN MILLIONS EXCEPT FOR PER-SHARE DATA)
| 2006 | 2005 | 2004 | ||||||||
Diluted earnings (loss) per share | ||||||||||
Net earnings (loss) | $ | 1,226.4 | $ | 112.1 | $ | (80.8 | ) | |||
Average number of common shares outstanding | 40.6 | 40.5 | 40.5 | |||||||
Average number of common shares issuable under stock options or restricted stock grants | — | 0.2 | 0.2 | |||||||
Average number of common and common stock equivalents outstanding | 40.6 | 40.7 | 40.7 | |||||||
Diluted earnings (loss) per share | $ | 30.21 | $ | 2.75 | $ | (2.00 | ) | |||
In 2004, the diluted loss per share is calculated using basic common shares outstanding since using diluted common shares would be anti-dilutive.