Earnings per Share and Stock Repurchase Program (Tables)

9 Months Ended

Sep. 27, 2020

Earnings per Share and Stock Repurchase Program

Summary of reconciliation of the calculation of earnings per share

	For the Third Quarter Ended September 27, 2020					For the Third Quarter Ended September 29, 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	$	32.9	33.8	$	0.97	$	32.3	34.0	$	0.95
Effect of dilutive securities:
Common stock equivalents			0.1		—			0.2		(0.01)
Diluted EPS:
Net income	$	32.9	33.9	$	0.97	$	32.3	34.2	$	0.94

	For the Nine Months Ended September 27, 2020					For the Nine Months Ended September 29, 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	$	85.1	33.9	$	2.51	$	99.7	34.1	$	2.92
Effect of dilutive securities:
Common stock equivalents			0.1		(0.01)			0.1		(0.01)
Diluted EPS:
Net income	$	85.1	34.0	$	2.50	$	99.7	34.2	$	2.91

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

	For the Third Quarter Ended			For the Third Quarter Ended
	September 27, 2020			September 29, 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	—		—	15,907	$	1.5
$150 million	41,142	$	3.7	32,036		3.0
Total stock repurchased during the period:	41,142	$	3.7	47,943	$	4.5

	For the Nine Months Ended			For the Nine Months Ended
	September 27, 2020			September 29, 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	—		—	146,304	$	11.8
$150 million	294,677	$	24.8	32,036		3.0
Total stock repurchased during the period:	294,677	$	24.8	178,340	$	14.8