XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.21.1

EARNINGS PER SHARE (Tables) | 3 Months Ended
--- | ---
Mar. 27, 2021
Earnings Per Share [Abstract] |
Calculation of Earnings Per Common Share | As disclosed in Note 1, a 1-for-10 reverse stock split of the Company’s outstanding shares of common stock and a reduction in the number of authorized shares of the Company’s common stock by a corresponding ratio became effective on June 30, 2020. All share and per share amounts have been retroactively adjusted for the prior period presented to give effect to this reverse stock split. The following table represents the calculation of earnings per common share – basic and diluted:
|  | First Quarter |
(In millions, except per share amounts) |  | 2021 |  |  | 2020 |
Basic Earnings Per Share |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 53 |  |  | $ | 45 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 53 |
Basic earnings per share |  | $ | 0.99 |  |  | $ | 0.86 |
Diluted Earnings Per Share |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |
Net income |  | $ | 53 |  |  | $ | 45 |
Denominator: |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 53 |  |  |  | 53 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Stock options and restricted stock |  |  | 3 |  |  |  | 1 |
Diluted weighted-average shares outstanding |  |  | 56 |  |  |  | 54 |
Diluted earnings per share |  | $ | 0.95 |  |  | $ | 0.84 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration