Earnings Per Share and Shareholders' Equity

3 Months Ended

Mar. 28, 2020

Earnings Per Share [Abstract]

Earnings Per Share and Shareholders' Equity

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
	March 28, 2020		March 30, 2019
Numerator:
Net income	$	106.4	$	63.9
Denominator:
Weighted average shares outstanding for basic EPS	136.2		135.9
Dilutive effect of share-based awards	1.1		0.3
Weighted average shares outstanding for diluted EPS	137.3		136.2
Anti-dilutive share-based awards excluded from computation of diluted EPS	1.7		2.1

Shareholders' Equity

Share Repurchases

Following the expiration of our 2015 share repurchase plan authorization, in October 2018, our Board of Directors authorized up to $1.0 billion of share repurchases with no expiration date, subject to the Board of Directors’ approval of the pricing parameters and amount that may be repurchased under each specific share repurchase program. We did not repurchase any shares during the three months ended March 28, 2020 and March 30, 2019.