Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.2.u1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 29, 2024
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

 

 

 

June 29, 2024

 

 

July 1, 2023

 

 

June 29, 2024

 

 

July 1, 2023

 

Net income

 

$

13.6

 

 

$

16.8

 

 

$

22.7

 

 

$

30.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

33.2

 

 

 

32.8

 

 

 

33.2

 

 

 

32.7

 

Net effect of dilutive securities - Stock based compensation

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Weighted average shares outstanding - Diluted

 

 

33.3

 

 

 

32.9

 

 

 

33.3

 

 

 

32.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.41

 

 

$

0.51

 

 

$

0.69

 

 

$

0.94

 

Diluted

 

$

0.41

 

 

$

0.51

 

 

$

0.68

 

 

$

0.93