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Income Taxes
 6 Months Ended
Jul. 01, 2023
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The Corporation’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items. The following table summarizes the Corporation’s income tax provision:
Three Months EndedSix Months Ended
July 1,
2023		July 2,
2022		July 1,
2023		July 2,
2022
Income (loss) before income taxes$(9.0)$27.8 $(5.3)$46.2 
Income taxes$3.8 $(2.5)$6.0 $1.8 
Effective tax rate(41.8) %(9.0) %(113.1) %3.8  %
The Corporation’s income tax expense was higher in the three and six month periods ended July 1, 2023, compared to the same periods last year. The variation in the effective tax rates versus the prior-year periods was primarily due to lower pre-tax income impacted by non-deductible transaction costs related to the acquisition of Kimball International, as well as tax benefits recognized in the prior-year periods for valuation adjustments related to existing deferred tax assets and basis differences tied to the sale of Lamex in July 2022.