Earnings (Loss) Per Share (Tables)

9 Months Ended

Oct. 01, 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 third quarter and September year-to-date 2023 and 2022 follows (in millions of dollars except per share data):

	Third Quarter				September Year to Date
	2023		2022		2023		2022
Net earnings (loss)	$	6.6	$	(16.2)	$	25.0	$	(61.6)
Less: earnings allocated to participating securities	(0.1)		—		(0.5)		—
Net earnings (loss) available to common shareholders	$	6.5	$	(16.2)	$	24.5	$	(61.6)
Average shares outstanding (millions):
Basic	35.4		37.9		36.2		38.2
Dilutive share awards	0.4		—		0.3		—
Diluted	35.8		37.9		36.5		38.2
Basic earnings (loss) per share	$	0.18	$	(0.43)	$	0.68	$	(1.62)
Diluted earnings (loss) per share	$	0.18	$	(0.43)	$	0.67	$	(1.62)