Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jul. 01, 2023
Accounting Policies [Abstract]  
Computation of basic and diluted earnings per common share

The following table presents the computation of basic and diluted earnings per common share (in millions, except per share data):

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 1, 2023

 

 

July 2, 2022

 

 

July 1, 2023

 

 

July 2, 2022

 

Net income

 

$

16.8

 

 

$

30.0

 

 

$

30.6

 

 

$

60.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

32.8

 

 

 

32.5

 

 

 

32.7

 

 

 

32.5

 

Net effect of dilutive securities - Stock based compensation

 

 

0.1

 

 

 

—

 

 

 

0.1

 

 

 

0.1

 

Weighted average shares outstanding - Diluted

 

 

32.9

 

 

 

32.5

 

 

 

32.8

 

 

 

32.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.51

 

 

$

0.92

 

 

$

0.94

 

 

$

1.86

 

Diluted

 

$

0.51

 

 

$

0.92

 

 

$

0.93

 

 

$

1.86