Earnings (Loss) Per Share (Tables)

9 Months Ended

Oct. 02, 2020

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings per Share

The table below presents the computation of basic and diluted earnings (loss) per share (in millions, except per share amounts):

	Three Months Ended				Nine Months Ended
	October 2, 2020		September 27, 2019		October 2, 2020		September 27, 2019
Numerator:
Net income (loss)	$	35.6	$	62.1	$	(75.1)	$	161.5
Denominator:
Weighted-average common shares outstanding used in basic earnings (loss) per share:	159.7		130.6		159.4		128.8
Incremental common shares from:
Assumed exercise of dilutive options and vesting of dilutive restricted stock units	2.0		—		—		—
Assumed conversion impact of the Notes	2.2		—		—		—
Weighted average common shares outstanding used in diluted earnings (loss) per share	163.9		130.6		159.4		128.8
Earnings (loss) per share:
Basic	$	0.22	$	0.48	$	(0.47)	$	1.25
Diluted	$	0.22	$	0.48	$	(0.47)	$	1.25

Securities Not Included in the Computation of Diluted (Loss) Income per Share

The following table presents the number of outstanding securities not included in the computation of diluted income (loss) per share, because their effect was anti-dilutive (in millions):

	Three Months Ended		Nine Months Ended
	October 2, 2020	September 27, 2019	October 2, 2020	September 27, 2019
Stock-based awards	4.2	—	1.9	—
Notes	—	—	0.8	—
Total	4.2	—	2.7	—