Accumulated Other Comprehensive Income (Loss) and Shareholders' Equity (Tables)

9 Months Ended

Oct. 01, 2022

Equity [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income and Changes in Accumulated Other Comprehensive Income, Net of Tax

The following tables summarize the components of accumulated other comprehensive income (loss) and the changes in accumulated other comprehensive income (loss), net of tax, as applicable:

	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Debt Securities		Pension and Post-retirement Liabilities		Derivative Financial Instrument		Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2022	$	(0.7)	$	0.1	$	(5.4)	$	(0.7)	$	(6.8)
Other comprehensive income (loss) before reclassifications	(2.2)		(1.0)		—		1.1		(2.1)
Tax (expense) or benefit	—		0.2		—		(0.3)		(0.1)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(3.3)		—		—		0.0		(3.3)
Balance as of October 1, 2022	$	(6.2)	$	(0.7)	$	(5.4)	$	0.2	$	(12.2)

Amounts in parentheses indicate reductions to equity.

	Foreign Currency Translation Adjustment		Unrealized Gains (Losses) on Debt Securities		Pension and Post-retirement Liabilities		Derivative Financial Instrument		Accumulated Other Comprehensive Income (Loss)
Balance as of January 2, 2021	$	(1.1)	$	0.4	$	(6.7)	$	(1.8)	$	(9.2)
Other comprehensive income (loss) before reclassifications	0.1		(0.2)		—		0.0		(0.1)
Tax (expense) or benefit	—		0.0		—		(0.0)		0.0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	—		—		—		0.5		0.5
Balance as of October 2, 2021	$	(1.0)	$	0.2	$	(6.7)	$	(1.2)	$	(8.6)

Amounts in parentheses indicate reductions to equity.

Schedule of Reclassification from Accumulated Other Comprehensive Income

The following table details the reclassifications from accumulated other comprehensive income (loss):

		Three Months Ended				Nine Months Ended
Details about Accumulated Other Comprehensive Income (Loss) Components	Affected Line Item in the Statement Where Net Income is Presented	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Derivative financial instrument
Interest rate swap	Interest expense, net	$	0.1	$	(0.3)	$	(0.1)	$	(0.7)
	Income taxes	(0.0)		0.1		0.0		0.2
Foreign currency translation
Lamex divestiture	Gain on sale of subsidiary	3.3		—		3.3		—
	Net of tax	$	3.4	$	(0.2)	$	3.3	$	(0.5)

Amounts in parentheses indicate reductions to profit.

Schedule of Dividends Declared and Paid Per Share

The Corporation declared and paid cash dividends per common share as follows:

	Nine Months Ended
	October 1, 2022		October 2, 2021
Dividends per common share	$	0.950	$	0.925

Schedule of Share Repurchases

The following table summarizes shares repurchased and settled by the Corporation:

	Nine Months Ended
	October 1, 2022		October 2, 2021
Shares repurchased	1.7		0.5
Average price per share	$	38.11	$	39.52
Cash purchase price	$	(63.9)	$	(19.8)
Purchases unsettled as of quarter end	—		1.3
Prior year purchases settled in current year	(1.3)		—
Shares repurchased per cash flow	$	(65.2)	$	(18.5)