Earnings Per Share

3 Months Ended

Apr. 02, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions):

	First Quarter
	2023	2022
Weighted average basic common shares outstanding	46.9	46.7
Effect of dilutive securities (primarily stock options)	1.0	1.0
Weighted average diluted common shares outstanding	47.9	47.7

For the first quarter of 2023 and 2022, the Company excluded approximately 0.2 million of stock options in the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive.