Earnings per Share (Tables)

6 Months Ended

Jul. 02, 2017

Earnings per Share

Summary of reconciliation of the calculation of earnings per share

	For the Second Quarter Ended July 2, 2017					For the Second Quarter Ended July 3, 2016
	Income		Shares	Per Share		Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
	(Amounts in millions, except per share information)
Basic EPS:
Net income	$	27.2	34.5	$	0.79	$	28.6	34.5	$	0.83
Effect of dilutive securities:
Common stock equivalents			—					—
Diluted EPS:
Net income	$	27.2	34.5	$	0.79	$	28.6	34.5	$	0.83

Options to purchase 0.1 million shares of Class A common stock were outstanding during the second quarters of 2017 and 2016, respectively, but were not included in the computation of diluted EPS because to do so would be anti-dilutive.

	For the Six Months Ended July 2, 2017					For the Six Months Ended July 3, 2016
	Income		Shares	Per Share		Income		Shares	Per Share
	(Numerator)		(Denominator)	Amount		(Numerator)		(Denominator)	Amount
	(Amounts in millions, except per share information)
Basic EPS:
Net income	$	48.9	34.5	$	1.42	$	44.8	34.4	$	1.30
Effect of dilutive securities:
Common stock equivalents			—					0.1
Diluted EPS:
Net income	$	48.9	34.5	$	1.42	$	44.8	34.5	$	1.30

Summary of the cost and number of Class A common stock repurchased

	For the Second Quarter Ended			For the Second Quarter Ended
	July 2, 2017			July 3, 2016
	Number of shares	Cost of shares		Number of shares	Cost of shares
	repurchased	repurchased		repurchased	repurchased
	(amounts in millions, except share amount)
Total stock repurchased during the period:	72,674	$	4.5	91,500	$	5.2

	For the Six Months Ended				For the Six Months Ended
	July 2, 2017			July 3, 2016
	Number of shares	Cost of shares			Number of shares	Cost of shares
	repurchased	repurchased			repurchased	repurchased
	(amounts in millions, except share amount)
Total stock repurchased during the period:	141,786	$	9.0		359,000	$	17.6