Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]    
Net Sales $ 212.0 $ 213.2
Cost of sales 144.8 142.2
Gross profit 67.2 71.0
Selling, engineering and administrative expenses 39.0 38.1
Amortization of intangible assets 7.9 8.1
Operating income 20.3 24.8
Interest expense, net 8.2 6.2
Foreign currency transaction loss, net 0.3 0.4
Other non-operating (income) expense, net (0.2) 0.2
Income before income taxes 12.0 18.0
Income tax provision 2.8 4.1
Net income $ 9.2 $ 13.9
Net income per share:    
Basic $ 0.28 $ 0.43
Diluted $ 0.28 $ 0.42
Weighted average shares outstanding:    
Basic 33.1 32.6
Diluted 33.3 32.7
Dividends declared per share $ 0.09 $ 0.09