Earnings Per Share

9 Months Ended

Oct. 01, 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):

	Third Quarter		Nine Months
	2023	2022	2023	2022
Weighted average basic common shares outstanding	47.1	46.8	47.0	46.8
Effect of dilutive securities (primarily stock options)	0.8	0.9	0.9	0.9
Weighted average diluted common shares outstanding	47.9	47.7	47.9	47.7

For the third quarter and first nine months 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.