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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Jul. 03, 2021
Jun. 27, 2020
Income Statement [Abstract]        
Net Sales $ 886.9 $ 634.1 $ 1,701.0 $ 1,368.3
Cost of Sales 635.4 463.8 1,204.1 994.7
Gross Profit 251.5 170.3 496.9 373.6
Operating Expenses 140.2 121.6 288.5 253.5
Gain on Divestiture of Businesses 0.0 0.0 0.0 (0.1)
Asset Impairments 2.3 2.8 2.3 4.3
Total Operating Expenses 142.5 124.4 290.8 257.7
Income from Operations 109.0 45.9 206.1 115.9
Other Income, Net (1.2) (1.1) (2.4) (2.2)
Interest Expense 11.5 10.6 24.1 22.2
Interest Income (1.7) (1.4) (3.2) (2.5)
Income before Taxes 100.4 37.8 187.6 98.4
Provision for Income Taxes 19.2 8.5 39.4 22.4
Net Income 81.2 29.3 148.2 76.0
Less: Net Income Attributable to Noncontrolling Interests 1.6 1.2 3.0 2.1
Net Income Attributable to Regal Beloit Corporation $ 79.6 $ 28.1 $ 145.2 $ 73.9
Earnings Per Share Attributable to Regal Beloit Corporation:        
Basic (in dollars per share) $ 1.96 $ 0.69 $ 3.57 $ 1.82
Assuming Dilution (in dollars per share) $ 1.94 $ 0.69 $ 3.54 $ 1.81
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 40.7 40.5 40.6 40.6
Assuming Dilution (in shares) 41.0 40.7 41.0 40.7