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Earnings Per Share
 3 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

16. Earnings Per Share

The computations of earnings per common share for the thirteen weeks ended March 30, 2024 and April 1, 2023 were as follows:

 

(In millions, except per share data)

 

March 30, 2024

 

 

April 1, 2023

 

Income from continuing operations, net of tax

 

$

96.4

 

 

$

85.6

 

Loss from discontinued operations, net of tax

 

 

-

 

 

 

(1.0

)

Net income

 

$

96.4

 

 

$

84.6

 

Earnings per common share

 

 

 

 

 

 

  Basic

 

 

 

 

 

 

     Continuing operations

 

$

0.77

 

 

$

0.67

 

     Discontinued operations

 

 

—

 

 

 

(0.01

)

Basic earnings per share

 

$

0.77

 

 

$

0.66

 

  Diluted

 

 

 

 

 

 

     Continuing operations

 

$

0.76

 

 

$

0.67

 

     Discontinued operations

 

 

—

 

 

 

(0.01

)

Diluted earnings per share

 

$

0.76

 

 

$

0.66

 

Basic average shares outstanding

 

 

125.9

 

 

 

127.8

 

Stock-based awards

 

 

1.1

 

 

 

0.7

 

Diluted average shares outstanding

 

 

127.0

 

 

 

128.5

 

Antidilutive stock-based awards excluded from weighted-
   average number of shares outstanding for diluted
   earnings per share

 

 

0.3

 

 

 

1.0