Earnings Per Share

9 Months Ended

Oct. 02, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per ShareFor the third quarter and first nine months of 2022, 397,854 and 262,894 stock options, respectively, were excluded in the computation of diluted earnings per share because the effect of their inclusion would have been anti-dilutive. For the third quarter and first nine months of 2021, no stock options were excluded in the computation of earnings per share. As part of the consideration transferred for the acquisition of FLIR, the Company issued approximately 9.5 million shares of common stock on May 14, 2021. The weighted average number of common shares used in the calculation of basic and diluted earnings per share consisted of the following (in millions):

	Third Quarter		Nine Months
	2022	2021	2022	2021
Weighted average basic common shares outstanding	46.8	46.6	46.8	42.0
Effect of dilutive securities (primarily stock options)	0.9	1.1	0.9	1.1
Weighted average diluted common shares outstanding	47.7	47.7	47.7	43.1