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EARNINGS PER SHARE | 3 Months Ended
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Dec. 29, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is computed by dividing net income attributable to controlling interest by the weighted average number of common shares outstanding for the period. Diluted earnings per share is calculated using its weighted-average outstanding common shares including the dilutive effect of share-based awards, based upon the treasury stock method, and the Exchangeable Notes, as determined under the net share settlement method. Performance based restricted stock units are excluded if the performance targets upon which the issuance of the shares is contingent have not been achieved and the respective performance period has not been completed as of the end of the current period. From the time of the issuance of the Exchangeable Notes, the average market price of the Company’s common shares has been less than the initial conversion price, and consequently no shares have been included in diluted earnings per share for the conversion value of the Exchangeable Notes. The reconciliation of the numerator and denominator of the basic and diluted earnings per share calculation and the anti-dilutive shares for the three month periods ended December 29, 2024 and December 31, 2023, are as follows:
(in millions, except per share amounts) |  | December 29, 2024 |  | December 31, 2023 |  |  |  |
Numerator |  |  |  |  |  |  |  |
Net income from continuing operations attributable to controlling interest |  | $ | 24.3 |  |  | $ | 17.4 |  |  |  |  |
(Loss) income from discontinued operations attributable to controlling interest, net of tax |  | (0.8) |  |  | 11.7 |  |  |  |  |
Net income attributable to controlling interest |  | $ | 23.5 |  |  | $ | 29.1 |  |  |  |  |
Denominator |  |  |  |  |  |  |  |
Weighted average shares outstanding – basic |  | 27.9 |  |  | 34.0 |  |  |  |  |
Dilutive shares |  | 0.2 |  |  | 0.1 |  |  |  |  |
Weighted average shares outstanding – diluted |  | 28.1 |  |  | 34.1 |  |  |  |  |
Earnings per share |  |  |  |  |  |  |  |
Basic earnings per share from continuing operations |  | $ | 0.87 |  |  | $ | 0.51 |  |  |  |  |
Basic earnings per share from discontinued operations |  | (0.03) |  |  | 0.34 |  |  |  |  |
Basic earnings per share |  | $ | 0.84 |  |  | $ | 0.85 |  |  |  |  |
Diluted earnings per share from continuing operations |  | $ | 0.87 |  |  | $ | 0.51 |  |  |  |  |
Diluted earnings per share from discontinued operations |  | (0.03) |  |  | 0.34 |  |  |  |  |
Diluted earnings per share |  | $ | 0.84 |  |  | $ | 0.85 |  |  |  |  |

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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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