Earnings (Loss) Per Share (Tables)

3 Months Ended

Apr. 04, 2021

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Earnings Per Share

The reconciliation of basic and diluted earnings (loss) per share on common stock for the first quarter 2021 and 2020 follows (in millions of dollars except per share data):

	First Quarter
	2021		2020
Net earnings (loss)	$	25.6	$	(153.2)
Less: earnings allocated to participating securities	(0.2)		—
Net earnings (loss) available to common shareholders	$	25.4	$	(153.2)
Average shares outstanding (millions):
Basic	39.3		39.2
Dilutive share awards	0.2		—
Diluted	39.5		39.2
Basic earnings (loss) per share	$	0.65	$	(3.91)
Diluted earnings (loss) per share	$	0.64	$	(3.91)