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Earnings (Loss) Per Share | 9 Months Ended
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Oct. 02, 2022
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The reconciliation of basic and diluted earnings (loss) per share on common stock for the third quarter and September year-to-date 2022 and 2021 follows (in millions of dollars except per share data):
| Third Quarter |  | September Year to Date
| 2022 |  | 2021 |  | 2022 |  | 2021
Net earnings (loss) | $ | (16.2) |  |  | $ | 34.8 |  |  | $ | (61.6) |  |  | $ | 84.4 |
Less: earnings allocated to participating securities | — |  |  | (0.4) |  |  | — |  |  | (0.8) |
Net earnings (loss) available to common shareholders | $ | (16.2) |  |  | $ | 34.4 |  |  | $ | (61.6) |  |  | $ | 83.6 |
Average shares outstanding (millions): |  |  |  |  |  |  |
Basic | 37.9 |  |  | 39.4 |  |  | 38.2 |  |  | 39.4 |
Dilutive share awards | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Diluted | 37.9 |  |  | 39.5 |  |  | 38.2 |  |  | 39.5 |
Basic earnings (loss) per share | $ | (0.43) |  |  | $ | 0.87 |  |  | $ | (1.62) |  |  | $ | 2.12 |
Diluted earnings (loss) per share | $ | (0.43) |  |  | $ | 0.87 |  |  | $ | (1.62) |  |  | $ | 2.12 |
Potentially dilutive shares outstanding are primarily related to deferred common stock related to the non-employee directors deferred compensation plan for the third quarter of 2021 and September year-to-date 2021. Due to our net loss in the third quarter of 2022 and September year-to-date 2022, potentially dilutive shares primarily related to deferred common stock associated with the non-employee directors deferred compensation plan of 0.2 million shares had an anti-dilutive effect on diluted earnings per share and were excluded from the computation for the third quarter of 2022 and September year-to-date 2022. Dividends paid per share for Class A and Class B common stock were $0.075 for the third quarter 2022, $0.20 for September year-to-date 2022 and $0.05 for the third quarter 2021 and September year-to-date 2021.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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