XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated and Combined Condensed Statements of Earnings (Loss) and Comprehensive Income (Loss) - USD ($)
shares in Millions
3 Months Ended
Apr. 02, 2021
Mar. 27, 2020
Sales $ 707,400,000 $ 609,200,000
Cost of sales (395,600,000) (346,100,000)
Gross profit 311,800,000 263,100,000
Operating costs:    
Selling, general and administrative expenses (145,700,000) (123,100,000)
Research and development expenses (33,200,000) (32,900,000)
Impairment of goodwill 0 (85,300,000)
Operating profit 132,900,000 21,800,000
Non-operating expense, net:    
Interest expense, net (10,400,000) (400,000)
Write-off of deferred financing costs (3,200,000) 0
Other non-operating expense, net (200,000) (100,000)
Earnings before income taxes 119,100,000 21,300,000
Provision for income taxes (28,100,000) (25,500,000)
Net earnings (loss) $ 91,000,000.0 $ (4,200,000)
Net earnings (loss) per share:    
Net earnings (loss) per common share - Basic (in dollars per share) $ 0.54 $ (0.02)
Net earnings (loss) per share - Diluted (in dollars per share) $ 0.54 $ (0.02)
Average common stock and common equivalent shares outstanding:    
Weighted average common shares outstanding used in basic earnings per share (in shares) 168.7 168.4
Weighted average common shares outstanding used in diluted earnings per share (in shares) 169.7 168.4
Other comprehensive income (loss), net of income taxes:    
Net earnings (loss) $ 91,000,000.0 $ (4,200,000)
Foreign currency translation adjustments (15,700,000) (46,200,000)
Other adjustments 100,000 1,700,000
Total other comprehensive loss, net of income taxes (15,600,000) (44,500,000)
Comprehensive income (loss) 75,400,000 (48,700,000)
Products    
Sales 644,600,000 547,500,000
Cost of sales (345,500,000) (297,100,000)
Services    
Sales 62,800,000 61,700,000
Cost of sales $ (50,100,000) $ (49,000,000.0)