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Earnings Per Share and Shareholders' Equity
 9 Months Ended
Sep. 26, 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
Nine Months Ended
 
September 26,
2020
 
September 28,
2019
September 26,
2020
 
September 28,
2019
Numerator:
 
 
 
 
 
 
Net income (loss)
$
(154.6
)
 
$
92.2

$
12.4

 
$
165.1

 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
Weighted average shares outstanding for basic EPS
136.5

 
136.0

136.3

 
136.0

Dilutive effect of share-based awards*
—

 
0.8

1.2

 
0.4

Weighted average shares outstanding for diluted EPS
136.5

 
136.8

137.5

 
136.4

 
 
 
 
 
 
 
Anti-dilutive share-based awards excluded from computation of diluted EPS*
—

 
1.5

1.5

 
1.8



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

Shareholders' Equity

Share Repurchases

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 and nine months ended September 26, 2020 and September 28, 2019.