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Earnings per Share from Continuing Operations (Tables)
 9 Months Ended
Sep. 27, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share from Continuing Operations The Company allocates earnings to participating securities and computed earnings per share using the two-class method as follows:
Three Months EndedNine Months Ended
September 27, 2024September 29, 2023September 27, 2024September 29, 2023
(In thousands, except share and per share data)
Computation of earnings per share from continuing operations – basic:
Income from continuing operations attributable to ESAB Corporation(1)
$69,454 $59,293 $214,782 $159,305 
Distributed and undistributed earnings allocated to nonvested shares(305)(425)(1,052)(1,162)
Income from continuing operations attributable to common stockholders$69,149 $58,868 $213,730 $158,143 
Weighted-average shares of Common stock outstanding – basic60,439,818 60,265,516 60,406,056 60,216,606 
Income per share from continuing operations – basic$1.14 $0.98 $3.54 $2.63 
Computation of earnings per share from continuing operations – diluted:
Income from continuing operations attributable to common stockholders$69,149 $58,868 $213,730 $158,143 
Weighted-average shares of Common stock outstanding – basic60,439,818 60,265,516 60,406,056 60,216,606 
Net effect of potentially dilutive securities(2)
646,311 465,197 644,791 376,153 
Weighted-average shares of Common stock outstanding – dilution61,086,129 60,730,713 61,050,847 60,592,759 
Net income per share from continuing operations – diluted$1.13 $0.97 $3.50 $2.61 
(1) Net income from continuing operations attributable to ESAB Corporation for the respective periods is calculated using Net income from continuing operations, less Income attributable to noncontrolling interest, net of taxes, of $1.6 million and $4.7 million for the three and nine months ended September 27, 2024, respectively, and $1.5 million and $4.5 million for the three and nine months ended September 29, 2023, respectively.
(2) Potentially dilutive securities include stock options, performance-based restricted stock units and non-performance-based restricted stock units.