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Net Income Per Share (Tables)
6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

July 1,

 

 

June 30,

 

 

July 1,

 

(In millions, except share amounts)

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to UCT

 

$

(9.4

)

 

$

(25.1

)

 

$

(12.8

)

 

$

2.8

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computation — basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

44.7

 

 

 

45.2

 

 

 

44.8

 

 

 

45.1

 

Shares used in computation — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

44.7

 

 

 

45.2

 

 

 

44.8

 

 

 

45.1

 

Dilutive effect of common shares outstanding subject to repurchase

 

 

 

 

 

 

 

 

 

 

 

0.6

 

Shares used in computing diluted net income (loss) per share

 

 

44.7

 

 

 

45.2

 

 

 

44.8

 

 

 

45.7

 

Net income (loss) per share attributable to UCT — basic

 

$

(0.21

)

$

(0.56

)

$

(0.29

)

$

0.06

 

Net income (loss) per share attributable to UCT — diluted

 

$

(0.21

)

$

(0.56

)

$

(0.29

)

$

0.06