Earnings (Loss) Per Share (Tables)

3 Months Ended

Apr. 02, 2023

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 2023 and 2022 follows (in millions of dollars except per share data):

	First Quarter
	2023		2022
Net earnings (loss)	$	10.9	$	(47.6)
Less: earnings allocated to participating securities	(0.2)		—
Net earnings (loss) available to common shareholders	$	10.7	$	(47.6)
Average shares outstanding (millions):
Basic	37.1		38.6
Dilutive share awards	0.3		—
Diluted	37.4		38.6
Basic earnings (loss) per share	$	0.29	$	(1.23)
Diluted earnings (loss) per share	$	0.29	$	(1.23)