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Earnings per Share and Stock Repurchase Program (Tables)
3 Months Ended
Mar. 29, 2020
Earnings per Share and Stock Repurchase Program  
Summary of reconciliation of the calculation of earnings per share

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For the First Quarter Ended March 29, 2020

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For the First Quarter Ended March 31, 2019

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Income

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Shares

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Per Share

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Income

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Shares

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Per Share

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(Numerator)

    

(Denominator)

    

Amount

    

(Numerator)

    

(Denominator)

    

Amount

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(Amounts in millions, except per share information)

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Basic EPS:

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Net income

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$

32.0

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34.0

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$

0.94

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$

31.0

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34.2

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$

0.91

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Effect of dilutive securities:

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Common stock equivalents

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0.1

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—

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—

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Diluted EPS:

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Net income

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$

32.0

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34.1

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$

0.94

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$

31.0

 

34.2

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$

0.91

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

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For the First Quarter Ended

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For the First Quarter Ended

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March 29, 2020

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March 31, 2019

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Number of shares

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Cost of shares

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Number of shares

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Cost of shares

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repurchased

    

repurchased

    

repurchased

    

repurchased

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(Amounts in millions, except share amount)

Stock repurchase programs:

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$100 million

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—

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—

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74,409

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$

5.6

$150 million

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174,707

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$

14.7

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—

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—

Total stock repurchased during the period:

 

174,707

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$

14.7

 

74,409

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$

5.6