EARNINGS PER COMMON SHARE

9 Months Ended

Jul. 01, 2023

The following table sets forth a reconciliation of the weighted average number of shares outstanding (in millions) used to calculate basic and diluted net income (loss) per Common Share:


	Three Months Ended				Nine Months Ended
	July 1, 2023		July 2, 2022		July 1, 2023		July 2, 2022



Net income (loss)	$	43.7	$	(443.9)	$	88.3	$	(217.5)


Basic net income (loss) per common share
Weighted-average common shares outstanding during the period	56.2		55.4		55.9		55.6
Basic net income (loss) per common share	$	0.78	$	(8.01)	$	1.58	$	(3.91)


Diluted net income (loss) per common share
Weighted-average common shares outstanding during the period	56.2		55.4		55.9		55.6
Dilutive potential common shares	0.4		—		0.4		—
Weighted-average common shares outstanding during the period plus dilutive potential common shares	56.6		55.4		56.3		55.6


Diluted net income (loss) per common share	$	0.77	$	(8.01)	$	1.57	$	(3.91)

Antidilutive stock options outstanding	0.2		0.2		0.4		0.2

Diluted average common shares used in the diluted loss per common share calculation for the three and nine months ended July 2, 2022 were 55.4 million and 55.6 million, respectively, which excluded potential Common Shares of 0.4 million and 0.6 million, respectively, because the effect of their inclusion would be anti-dilutive as the Company incurred a net loss for the three and nine months ended July 2, 2022.