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STOCKHOLDERS' EQUITY AND LONG-TERM INCENTIVE COMPENSATION (Tables)
 3 Months Ended
Apr. 02, 2022
Equity [Abstract]  
Weighted-Average Shares Outstanding Used in Computation of Basic and Diluted Income per Share
The following table sets forth the number of weighted-average shares outstanding used in the computation of basic and diluted income per share:
 Three months ended
April 2,
2022		April 3,
2021
Weighted-average number of common shares used in basic income per share45.554 45.132 
Dilutive securities — Employee stock options and restricted stock units0.891 1.187 
Weighted-average number of common shares and dilutive securities used in diluted income per share46.445 46.319 
Summary of PSU and RSU Activity
The following table summarizes the PSU and RSU activity from December 31, 2021 through April 2, 2022:
Unvested PSU's and RSU'sWeighted-Average Grant-Date Fair Value Per Share
Outstanding at December 31, 20210.636 $49.14 
Granted0.265 48.39 
Vested(0.320)43.97 
Forfeited(0.007)50.57 
Outstanding at April 2, 20220.574 $51.67 
Black-Scholes Pricing Model Assumptions
The fair value per share of the stock options granted on March 1, 2022 was $19.33. The fair value of each option grant was estimated using the Black-Scholes option-pricing model with the following assumptions:

Annual expected stock price volatility 38.62 %
Annual expected dividend yield— %
Risk-free interest rate1.61 %
Expected life of stock option (in years)6.0
Schedule of Changes in Components of Accumulated Other Comprehensive Income, Net of Tax,
The changes in the components of accumulated other comprehensive income, net of tax, for the three months ended April 2, 2022 were as follows:
 Foreign
Currency
Translation
Adjustment
Net Unrealized Gains
on Qualifying Cash
Flow Hedges(1)
Pension and
Postretirement
Liability
Adjustment(2)
Total
Balance at beginning of period$252.7 $0.5 $10.7 $263.9 
Other comprehensive income (loss) before reclassifications(2.6)6.1 — 3.5 
Amounts reclassified from accumulated other comprehensive income (loss)— 0.4 (0.9)(0.5)
Current-period other comprehensive income (loss)(2.6)6.5 (0.9)3.0 
Balance at end of period$250.1 $7.0 $9.8 $266.9 
__________________________
(1)Net of tax provision of $2.3 and $0.1 as of April 2, 2022 and December 31, 2021, respectively.
(2)Net of tax provision of $3.5 and $3.7 as of April 2, 2022 and December 31, 2021, respectively. The balances as of April 2, 2022 and December 31, 2021 include unamortized prior service credits.
The changes in the components of accumulated other comprehensive income, net of tax, for the three months ended April 3, 2021 were as follows:
 Foreign
Currency
Translation
Adjustment
Net Unrealized
 Losses
on Qualifying Cash
Flow Hedges(1)
Pension and
Postretirement
Liability
Adjustment(2)
Total
Balance at beginning of period$238.6 $(4.4)$14.3 $248.5 
Other comprehensive income before reclassifications0.6 3.3 — 3.9 
Amounts reclassified from accumulated other comprehensive income (loss)— (0.3)(0.9)(1.2)
Current-period other comprehensive income (loss)0.6 3.0 (0.9)2.7 
Balance at end of period$239.2 $(1.4)$13.4 $251.2 
__________________________
(1)Net of tax benefit of $0.4 and $1.4 as of April 3, 2021 and December 31, 2020, respectively.
(2)Net of tax provision of $4.6 and $4.9 as of April 3, 2021 and December 31, 2020, respectively. The balances as of April 3, 2021 and December 31, 2020 include unamortized prior service credits.
Schedule of Amounts Reclassified from Each Component of Other Comprehensive Income (Loss)
The following summarizes amounts reclassified from each component of accumulated other comprehensive income for the three months ended April 2, 2022 and April 3, 2021:
Amount Reclassified from AOCI 
Three months ended
April 2, 2022April 3, 2021Affected Line Item in the Condensed
Consolidated Statements of Operations
(Gains) losses on qualifying cash flow hedges:   
Commodity contracts$— $(1.8)Income from discontinued operations, net of tax
Swaps0.5 1.4 Interest expense
Pre-tax0.5 (0.4) 
Income taxes(0.1)0.1  
 $0.4 $(0.3) 
Gains on pension and postretirement items:   
Amortization of unrecognized prior service credits - Pre-tax$(1.1)$(1.2)Other income, net
Income taxes0.2 0.3  
 $(0.9)$(0.9)