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EARNINGS PER SHARE | 3 Months Ended
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Mar. 29, 2025
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table reconciles net earnings and the weighted-average shares outstanding used to calculate basic and diluted earnings per share of common stock for the three months ended March 29, 2025 and March 30, 2024:
|  |  | Year-to-Date
|  |  |  |  | 2025 |  | 2024
Numerator (in millions): |  |  |  |  |  |  |
Net Earnings |  |  |  |  | $ | 90.4 |  |  | $ | 19.5 |
Denominator (in thousands): |  |  |  |  |  |  |
Basic weighted-average shares outstanding |  |  |  |  | 151,028 |  |  | 150,235 |
Dilutive effect of stock contracts and awards |  |  |  |  | 671 |  |  | 706 |
Diluted weighted-average shares outstanding |  |  |  |  | 151,699 |  |  | 150,941 |
Earnings per share of common stock: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.60 |  |  | $ | 0.13 |
Diluted |  |  |  |  | $ | 0.60 |  |  | $ | 0.13 |
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):
|  |  | Year-to-Date
|  |  |  |  | 2025 |  | 2024
Number of stock options |  |  |  |  | 5,753 |  |  | 4,995 |
In March 2015, the Company entered into a forward share purchase contract with a financial institution counterparty for 3,645,510 shares of common stock. The contract obligates the Company to pay $350.0 million, plus an additional amount related to the forward component of the contract. In June 2024, the Company amended the forward share purchase contract and updated the final settlement date to June 2026, or earlier at the Company's option. The reduction of common shares outstanding was recorded at the inception of the forward share purchase contract in March 2015 and factored into the calculation of weighted-average shares outstanding at that time.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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