Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.26.1
EARNINGS PER SHARE
 3 Months Ended
Apr. 04, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The calculations of basic and diluted earnings per share ("EPS") are based on income from continuing operations divided by the basic weighted average number of common shares and diluted weighted average number of common shares outstanding, respectively.
The following table presents the calculations of basic and diluted EPS from continuing operations:
Three Months Ended March
(In thousands, except per share amounts) 2026 2025
Income from continuing operations $ 61,038  $ 10,249 
Basic weighted average shares outstanding 55,222  55,355 
Dilutive effect of stock-based awards 774  704 
Diluted weighted average shares outstanding 55,996  56,059 
Earnings per share:
Basic earnings per share from continuing operations $ 1.10  $ 0.18 
Diluted earnings per share from continuing operations $ 1.09  $ 0.18 
For the three months ended March 2026 and March 2025, an immaterial number of shares were excluded from the dilutive earnings per share calculations because the effect of their inclusion would have been anti-dilutive.
For the three months ended March 2026, a total of 0.3 million shares of PRSUs were excluded from the calculations of diluted earnings per share as the units were not considered to be contingent outstanding shares. For the three months ended March 2025, a total of 0.5 million shares of PRSUs were excluded from the calculations of diluted earnings per share as the units were not considered to be contingent outstanding shares.