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		Six months ended
	July 1, 2023	July 2, 2022	July 1, 2023	July 2, 2022
Weighted-average number of common shares used in basic income per share	45.533	45.444	45.457	45.500
Dilutive securities — Employee stock options and restricted stock units	1.094	0.845	1.043	0.870
Weighted-average number of common shares and dilutive securities used in diluted income per share	46.627	46.289	46.500	46.370

The weighted-average number of restricted stock units and stock options excluded from the computation of diluted income per share because the assumed proceeds for these instruments exceed the average market value of the underlying common stock for the related period were 0.228 and 0.535, respectively, for the three months ended July 1, 2023, and 0.198 and 0.529, respectively, for the six months ended July 1, 2023.

The weighted-average number of restricted stock units and stock options excluded from the computation of diluted income per share because the assumed proceeds for these instruments exceed the average market value of the underlying common stock for the related period were 0.350 and 0.791, respectively, for the three months ended July 2, 2022, and 0.292 and 0.739, respectively, for the six months ended July 2, 2022.

Long-term incentive compensation awards may be granted to certain eligible employees or non-employee directors. A detailed description of the awards granted prior to 2023 is included in our 2022 Annual Report on Form 10-K.

Awards granted on March 1, 2023 to executive officers and other members of senior management were comprised of performance stock units (“PSU’s”), stock options, and time-based restricted stock units (“RSU’s”), while other eligible employees were granted PSU’s and RSU’s. The PSU’s are eligible to vest at the end of a three-year performance period, with performance based on the total return of our stock over the three-year performance period against a peer group within the S&P 600 Capital Goods Index. Stock options and RSU’s vest ratably over the three-year period subsequent to the date of grant.

Effective May 9, 2023, we granted 0.014 RSU’s to our non-employee directors, which vest in their entirety immediately prior to the annual meeting of stockholders in May 2024.

Compensation expense within income from continuing operations related to long-term incentive awards totaled $3.5 and $2.5 for the three months ended July 1, 2023 and July 2, 2022, respectively, and $6.6 and $5.6 for the six months ended July 1, 2023 and July 2, 2022, respectively. The related tax benefit was $0.6 and $0.4 for the three months ended July 1, 2023 and July 2, 2022, respectively, and $1.1 and $0.9 for the six months ended July 1, 2023 and July 2, 2022, respectively.

On May 10, 2022 and May 9, 2023, our Board of Directors authorized management, in its sole discretion, to repurchase, in any fiscal year, up to $100.0 of our common stock, subject to maintaining compliance with all covenants of the Credit Agreement. Pursuant to this authorization, during the three months ended July 2, 2022, we repurchased approximately 0.7 shares of our common stock for aggregate cash payments of $33.7.

The changes in the components of AOCI, net of tax, for the three months ended July 1, 2023 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	$	243.5	$	9.1	$	6.7	$	259.3
Other comprehensive income before reclassifications	3.9		1.8		—		5.7
Amounts reclassified from accumulated other comprehensive income	—		(1.7)		(0.8)		(2.5)
Current-period other comprehensive income (loss)	3.9		0.1		(0.8)		3.2
Balance at end of period	$	247.4	$	9.2	$	5.9	$	262.5

(2)Net of tax provision of $2.2 and $2.4 as of July 1, 2023 and April 1, 2023, respectively. The balances as of July 1, 2023 and April 1, 2023 include unamortized prior service credits.

The changes in the components of AOCI, net of tax, for the six months ended July 1, 2023 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	$	239.1	$	11.0	$	7.4	$	257.5
Other comprehensive income before reclassifications	8.3		1.5		—		9.8
Amounts reclassified from accumulated other comprehensive income	—		(3.3)		(1.5)		(4.8)
Current-period other comprehensive income (loss)	8.3		(1.8)		(1.5)		5.0
Balance at end of period	$	247.4	$	9.2	$	5.9	$	262.5

(2)Net of tax provision of $2.2 and $2.7 as of July 1, 2023 and December 31, 2022, respectively. The balances as of July 1, 2023 and December 31, 2022 include unamortized prior service credits.

The changes in the components of AOCI, net of tax, for the three months ended July 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	$	250.1	$	7.0	$	9.8	$	266.9
Other comprehensive income (loss) before reclassifications	(13.8)		1.5		0.1		(12.2)
Amounts reclassified from accumulated other comprehensive income	—		0.1		(0.8)		(0.7)
Current-period other comprehensive income (loss)	(13.8)		1.6		(0.7)		(12.9)
Balance at end of period	$	236.3	$	8.6	$	9.1	$	254.0

__________________________

(2)Net of tax provision of $3.2 and $3.5 as of July 2, 2022 and April 2, 2022, respectively. The balances as of July 2, 2022 and April 2, 2022 include unamortized prior service credits.


	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	(16.4)		7.6		0.1		(8.7)
Amounts reclassified from accumulated other comprehensive income	—		0.5		(1.7)		(1.2)
Current-period other comprehensive income (loss)	(16.4)		8.1		(1.6)		(9.9)
Balance at end of period	$	236.3	$	8.6	$	9.1	$	254.0

__________________________

(2)Net of tax provision of $3.2 and $3.7 as of July 2, 2022 and December 31, 2021, respectively. The balances as of July 2, 2022 and December 31, 2021 include unamortized prior service credits.

The following summarizes amounts reclassified from each component of AOCI for the three months ended July 1, 2023 and July 2, 2022:


	Amount Reclassified from AOCI
	Three months ended
	July 1, 2023		July 2, 2022		Affected Line Item in the Condensed Consolidated Statements of Operations
(Gains) losses on qualifying cash flow hedges:


Swaps	$	(2.3)	$	0.2	Interest expense
Pre-tax	(2.3)		0.2
Income taxes	0.6		(0.1)
	$	(1.7)	$	0.1

Gains on pension and postretirement items:
Amortization of unrecognized prior service credits - Pre-tax	$	(1.0)	$	(1.1)	Other income (expense), net
Income taxes	0.2		0.3
	$	(0.8)	$	(0.8)

The following summarizes amounts reclassified from each component of AOCI for the six months ended July 1, 2023 and July 2, 2022:


	Amount Reclassified from AOCI
	Six months ended
	July 1, 2023		July 2, 2022		Affected Line Item in the Condensed Consolidated Statements of Operations
(Gains) losses on qualifying cash flow hedges:


Swaps	$	(4.4)	$	0.7	Interest expense
Pre-tax	(4.4)		0.7
Income taxes	1.1		(0.2)
	$	(3.3)	$	0.5

Gains on pension and postretirement items:
Amortization of unrecognized prior service credits - Pre-tax	$	(2.0)	$	(2.2)	Other income (expense), net
Income taxes	0.5		0.5
	$	(1.5)	$	(1.7)