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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Income Statement [Abstract]    
Net Sales $ 814,100,000 $ 734,200,000
Cost of Sales 568,700,000 530,900,000
Gross Profit 245,400,000 203,300,000
Operating Expenses 148,300,000 131,900,000
Gain on Divestiture of Businesses 0 (100,000)
Asset Impairments 0 1,500,000
Total Operating Expenses 148,300,000 133,300,000
Income from Operations 97,100,000 70,000,000.0
Other Income, Net (1,200,000) (1,100,000)
Interest Expense 12,600,000 11,600,000
Interest Income (1,500,000) (1,100,000)
Income before Taxes 87,200,000 60,600,000
Provision for Income Taxes 20,200,000 13,900,000
Net Income 67,000,000.0 46,700,000
Less: Net Income Attributable to Noncontrolling Interests 1,400,000 900,000
Net Income Attributable to Regal Beloit Corporation $ 65,600,000 $ 45,800,000
Earnings Per Share Attributable to Regal Beloit Corporation:    
Basic (in dollars per share) $ 1.62 $ 1.13
Assuming Dilution (in dollars per share) $ 1.60 $ 1.12
Weighted Average Number of Shares Outstanding:    
Basic (in shares) 40.6 40.6
Assuming Dilution (in shares) 41.0 40.8