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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Schedule of (Loss) Earnings Per Share

The following table reconciles net (loss) earnings and the weighted-average shares outstanding used to calculate basic and diluted (loss) earnings per share of common stock for the three and six months ended June 29, 2024 and July 1, 2023:

			Second Quarter												Year-to-Date
			2024						2023						2024						2023
Numerator (in millions):
Net (loss) earnings from continuing operations			$	(19.2)					$	177.5					$	0.3					$	(10.3)
Net earnings (loss) from discontinued operations			8.0						(0.5)						8.0						(0.5)
Net (Loss) Earnings			$	(11.2)					$	177.0					$	8.3					$	(10.8)

			Second Quarter												Year-to-Date
			2024						2023						2024						2023
Denominator (in thousands):
Basic weighted-average shares outstanding			150,394						149,687						150,311						149,631
Dilutive effect of stock contracts and awards			—						540						701						—
Diluted weighted-average shares outstanding			150,394						150,227						151,012						149,631

			Second Quarter												Year-to-Date
			2024						2023						2024						2023
(Loss) earnings per share of common stock:
Basic (loss) earnings per share of common stock:
Continuing operations			$	(0.13)					$	1.19					$	—					$	(0.07)
Discontinued operations			$	0.05					$	—					$	0.05					$	—
Total basic (loss) earnings per share of common stock			$	(0.07)					$	1.18					$	0.06					$	(0.07)
Diluted (loss) earnings per share of common stock:
Continuing operations			$	(0.13)					$	1.18					$	—					$	(0.07)
Discontinued operations			$	0.05					$	—					$	0.05					$	—
Total diluted (loss) earnings per share of common stock			$	(0.07)					$	1.18					$	0.05					$	(0.07)

Schedule of Antidilutive Securities Excluded From Computation of Earnings

The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):

			Second Quarter												Year-to-Date
			2024						2023						2024						2023
Number of stock options			5,739						5,857						5,367						5,796

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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