EARNINGS PER SHARE AND SHAREHOLDERS' EQUITY

Earnings per Share

A reconciliation of the numerators and denominators used in the basic and diluted earnings per share ("EPS") calculation is as follows (in millions):



	Three Months Ended					Six Months Ended
	June 30, 2018		July 1, 2017			June 30, 2018		July 1, 2017
Numerator:
Net income (loss)	$	36.2	$	(69.6	)	$	117.0	$	2.0

Denominator:
Weighted average shares outstanding for basic EPS	138.1		143.3			139.5		143.3
Dilutive effect of share-based awards*	0.6		—			0.5		0.3
Weighted average shares outstanding for diluted EPS	138.7		143.3			140.0		143.6

Anti-dilutive share-based awards excluded from computation of diluted EPS	1.7		—			0.9		0.8

* In the period of a net loss, diluted shares equal basic shares.

Shareholders' Equity

We issued shares related to the exercise and vesting of share-based compensation as follows:



Three Months Ended		Six Months Ended
June 30, 2018	July 1, 2017	June 30, 2018	July 1, 2017
74,000	31,900	127,000	46,400

Share Repurchases

In October 2015, the Board of Directors approved a three-year share repurchase plan of up to $2.0 billion. During the three and six months ended June 30, 2018, we repurchased 2.0 million and 3.3 million ordinary shares at an average repurchase price of $79.42 and $80.42 per share, for a total of $156.9 million and $265.0 million, respectively. During the three and six months ended July 1, 2017, we repurchased 812,184 ordinary shares at an average repurchase price of $71.67 per share, for a total of $58.2 million.