Net Income (Loss) Per Share

6 Months Ended

Jun. 28, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

NET INCOME (LOSS) 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				Six Months Ended
(In millions, except share amounts)	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Numerator:
Net income (loss) attributable to UCT	$	19.1	$	(9.4)	$	9.7	$	(12.8)
Denominator:
Shares used in computation — basic:
Weighted average common shares outstanding	44.9		44.7		44.7		44.8
Shares used in computation — diluted:
Weighted average common shares outstanding	44.9		44.7		44.7		44.8
Effect of potential dilutive securities:
Employee stock plans	0.5		—		0.6		—
Shares used in computing diluted net income (loss) per share	45.4		44.7		45.3		44.8
Net income (loss) per share attributable to UCT — basic	$	0.43	$	(0.21)	$	0.22	$	(0.29)
Net income (loss) per share attributable to UCT — diluted	$	0.42	$	(0.21)	$	0.21	$	(0.29)