Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.23.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 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

 

 

Nine Months Ended

 

 

 

September 30, 2023

 

 

October 1, 2022

 

 

September 30, 2023

 

 

October 1, 2022

 

Net income

 

$

3.5

 

 

$

20.4

 

 

$

34.1

 

 

$

80.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

33.0

 

 

 

32.5

 

 

 

32.8

 

 

 

32.5

 

Net effect of dilutive securities - Stock based compensation

 

 

0.1

 

 

 

—

 

 

 

0.2

 

 

 

0.1

 

Weighted average shares outstanding - Diluted

 

 

33.1

 

 

 

32.6

 

 

 

33.0

 

 

 

32.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.11

 

 

$

0.63

 

 

$

1.04

 

 

$

2.49

 

Diluted

 

$

0.11

 

 

$

0.63

 

 

$

1.04

 

 

$

2.48