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Earnings per Share and Stock Repurchase Program (Tables)
9 Months Ended
Sep. 30, 2018
Earnings per Share and Stock Repurchase Program  
Summary of reconciliation of the calculation of earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended September 30, 2018

 

For the Three Months Ended October 1, 2017

 

 

 

Income

 

Shares

 

Per Share

 

Income

 

Shares

 

Per Share

 

 

    

(Numerator)

    

(Denominator)

    

Amount

    

(Numerator)

    

(Denominator)

    

Amount

 

 

 

(Amounts in millions, except per share information)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

31.5

 

34.3

 

$

0.92

 

$

26.5

 

34.4

 

$

0.77

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalents

 

 

 

 

0.1

 

 

 

 

 

 

 

 —

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

31.5

 

34.4

 

$

0.92

 

$

26.5

 

34.4

 

$

0.77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended September 30, 2018

 

For the Nine Months Ended October 1, 2017

 

 

 

Income

 

Shares

 

Per Share

 

Income

 

Shares

 

Per Share

 

 

    

(Numerator)

    

(Denominator)

    

Amount

    

(Numerator)

    

(Denominator)

    

Amount

 

 

 

(Amounts in millions, except per share information)

 

Basic EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

95.7

 

34.3

 

$

2.79

 

$

75.4

 

34.4

 

$

2.19

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock equivalents

 

 

 

 

0.1

 

 

(0.01)

 

 

 

 

0.1

 

 

 

 

Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

95.7

 

34.4

 

$

2.78

 

$

75.4

 

34.5

 

$

2.19

 

 

Summary of the cost and number of Class A common stock repurchased

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

For the Three Months Ended

 

 

September 30, 2018

 

October 1, 2017

 

 

Number of shares

 

Cost of shares

 

Number of shares

 

Cost of shares

 

    

repurchased

    

repurchased

    

repurchased

    

repurchased

 

 

(amounts in millions, except share amount)

Total stock repurchased during the period:

 

57,156

 

$

4.7

 

72,669

 

$

4.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Nine Months Ended

 

For the Nine Months Ended

 

 

 

September 30, 2018

 

October 1, 2017

 

 

 

Number of shares

 

Cost of shares

 

Number of shares

 

Cost of shares

 

 

    

repurchased

    

repurchased

    

repurchased

    

repurchased

 

 

 

(amounts in millions, except share amount)

 

Total stock repurchased during the period:

 

195,790

 

$

15.5

 

214,455

 

$

13.6