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Earnings (Loss) Per Share | 3 Months Ended
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Apr. 03, 2026
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | EARNINGS PER SHARE Basic earnings per share is calculated by dividing the applicable income by the weighted average number of shares of common stock outstanding for the applicable period. Diluted earnings per share is computed based on the weighted average number of common shares outstanding plus the effect of dilutive potential shares outstanding during the period using the treasury stock method, except for the 2028 Convertible Notes, which are c alculated using the if-converted method. Dilutive potential common shares include employee equity options, non-vested shares and similar instruments granted by the Company and the assumed conversion impact of convertible notes. The Company will settle any convertible note conversions through a combination settlement by satisfying the principal amount outstanding with cash and any convertible note conversion value in excess of the principal amount in cash or shares of the Company’s common stock or any combination thereof. As the Company will settle the principal amount of convertible notes in cash upon conversion, the convertible notes only have an impact on the Company's diluted earnings per share when the average share price of the Company’s common stock exceeds the conversion price, in any applicable period. The table below presents the computation of basic and diluted earnings per share ($ and shares in millions, except per share amounts):
| Three Months Ended |  |  |  |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 38.7 |  |  | $ | 18.0 |  |  |  |  |  |  |  |  |  |  |  |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding used in basic earnings per share | 163.9 |  |  | 172.4 |  |  |  |  |  |  |  |  |  |  |  |
Incremental common shares from: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assumed exercise of dilutive options, vesting of dilutive restricted stock units and performance stock units | 2.5 |  |  | 1.2 |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average common shares outstanding used in diluted earnings per share | 166.4 |  |  | 173.6 |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings - basic | $ | 0.24 |  |  | $ | 0.10 |  |  |  |  |  |  |  |  |  |  |  |
Earnings - diluted | $ | 0.23 |  |  | $ | 0.10 |  |  |  |  |  |  |  |  |  |  |  |
The following table presents the number of outstanding securities not included in the computation of diluted income per share, because their effect was anti-dilutive (in millions):
| Three Months Ended |  |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |  |  |  |  |  |
Stock-based awards | 3.8 |  |  | 6.7 |  |  |  |  |  |  |  |  |  |

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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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