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Earnings Per Common Share (Tables)
 9 Months Ended
Apr. 01, 2023
Earnings Per Share [Abstract]  
Schedule of Reconciliation of Numerators and Denominators for Basic and Diluted Earnings Per Common Share Computations

A reconciliation of the numerators and denominators for the basic and diluted earnings per common share computations is as follows:

 

(In millions, except per share amounts)

 

Three Months Ended
April 1, 2023

 

 

Three Months Ended
April 2, 2022

 

 

Nine Months Ended
April 1, 2023

 

 

Nine Months Ended
April 2, 2022

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

80.3

 

 

$

23.4

 

 

$

247.1

 

 

$

36.5

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

 

 

154.5

 

 

 

153.3

 

 

 

154.1

 

 

 

148.6

 

Dilutive effect of potential common shares

 

 

2.0

 

 

 

1.6

 

 

 

2.0

 

 

 

1.6

 

Weighted-average dilutive shares outstanding

 

 

156.5

 

 

 

154.9

 

 

 

156.1

 

 

 

150.2

 

Basic earnings per common share

 

$

0.52

 

 

$

0.15

 

 

$

1.60

 

 

$

0.25

 

Diluted earnings per common share

 

$

0.51

 

 

$

0.15

 

 

$

1.58

 

 

$

0.24