XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net Sales $ 227.6 $ 241.7 $ 440.8 $ 482.2
Cost of sales 151.8 159.4 294.0 316.3
Gross profit 75.8 82.3 146.8 166.0
Selling, engineering and administrative expenses 38.0 32.5 76.1 66.3
Amortization of intangible assets 8.3 6.8 16.4 13.8
Operating income 29.5 43.0 54.3 85.9
Interest expense, net 7.8 3.8 14.0 7.6
Foreign currency transaction loss (gain), net 0.1 (0.2) 0.5 (1.1)
Other non-operating (income) expense, net (0.2) 0.6 0.0 1.3
Income before income taxes 21.8 38.8 39.8 78.0
Income tax provision 5.0 8.7 9.2 17.5
Net income $ 16.8 $ 30.0 $ 30.6 $ 60.5
Net income per share:        
Basic $ 0.51 $ 0.92 $ 0.94 $ 1.86
Diluted $ 0.51 $ 0.92 $ 0.93 $ 1.86
Weighted average shares outstanding:        
Basic 32.8 32.5 32.7 32.5
Diluted 32.9 32.5 32.8 32.6
Dividends declared per share $ 0.09 $ 0.09 $ 0.18 $ 0.18