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Net Income Per Share (Tables)
 3 Months Ended
Mar. 26, 2021
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 (loss) per share:

 

 

Three Months Ended

 

 

 

March 26,

 

 

March 27,

 

(In millions, except share amounts)

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net income attributable to UCT

 

$

25.0

 

 

$

9.4

 

Denominator:

 

 

 

 

 

 

 

 

Shares used in computation — basic:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

40.6

 

 

 

39.8

 

Shares used in computation — diluted:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

40.6

 

 

 

39.8

 

Dilutive effect of common shares outstanding subject to repurchase

 

 

1.0

 

 

 

0.9

 

Shares used in computing diluted net income per share

 

 

41.6

 

 

 

40.7

 

Net income per share attributable to UCT — basic

 

$

0.62

 

 

$

0.24

 

Net income per share attributable to UCT — diluted

 

$

0.60

 

 

$

0.23