Earnings per Share and Stock Repurchase Program (Tables)

6 Months Ended

Jun. 28, 2020

Earnings per Share and Stock Repurchase Program

Summary of reconciliation of the calculation of earnings per share

	For the Second Quarter Ended June 28, 2020					For the Second Quarter Ended June 30, 2019
	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	$	20.2	33.8	$	0.60	$	36.4	34.1	$	1.06
Effect of dilutive securities:
Common stock equivalents			0.2		(0.01)			0.1
Diluted EPS:
Net income	$	20.2	34.0	$	0.59	$	36.4	34.2	$	1.06

	For the Six Months Ended June 28, 2020					For the Six Months Ended June 30, 2019
	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	$	52.2	33.9	$	1.54	$	67.4	34.1	$	1.97
Effect of dilutive securities:
Common stock equivalents			0.1		(0.01)			0.1		—
Diluted EPS:
Net income	$	52.2	34.0	$	1.53	$	67.4	34.2	$	1.97

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

	For the Second Quarter Ended			For the Second Quarter Ended
	June 28, 2020			June 30, 2019
	Number of shares	Cost of shares		Number of shares	Cost of shares
	repurchased	repurchased		repurchased	repurchased
	(Amounts in millions, except share amount)
Stock repurchase programs:
$100 million	—		—	55,988	$	4.7
$150 million	78,828	$	6.4	—		—
Total stock repurchased during the period:	78,828	$	6.4	55,988	$	4.7

	For the Six Months Ended			For the Six Months Ended
	June 28, 2020			June 30, 2019
	Number of shares	Cost of shares		Number of shares	Cost of shares
	repurchased	repurchased		repurchased	repurchased
	(Amounts in millions, except share amount)
Stock repurchase programs:
$100 million	—		—	130,397	$	10.3
$150 million	253,535	$	21.1	—		—
Total stock repurchased during the period:	253,535	$	21.1	130,397	$	10.3