Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.24.1.u1
Summary of Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 30, 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

 

 

 

March 30, 2024

 

 

April 1, 2023

 

Net income

 

$

9.2

 

 

$

13.9

 

 

 

 

 

 

 

 

Weighted average shares outstanding - Basic

 

 

33.1

 

 

 

32.6

 

Net effect of dilutive securities - Stock based compensation

 

 

0.2

 

 

 

0.1

 

Weighted average shares outstanding - Diluted

 

 

33.3

 

 

 

32.7

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

Basic

 

$

0.28

 

 

$

0.43

 

Diluted

 

$

0.28

 

 

$

0.42