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Earnings Per Share | 9 Months Ended
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Sep. 29, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 10. Earnings Per Share The reconciliation of basic and diluted earnings per share on common stock for the third quarter and September year-to-date 2024 and 2023 follows (in millions of dollars except per share data):
| Third Quarter |  | September Year to Date
| 2024 |  | 2023 |  | 2024 |  | 2023
Net earnings | $ | 0.8 |  |  | $ | 6.6 |  |  | $ | 31.2 |  |  | $ | 25.0 |
Less: earnings allocated to participating securities | (0.1) |  |  | (0.1) |  |  | (0.8) |  |  | (0.5) |
Net earnings available to common shareholders | $ | 0.7 |  |  | $ | 6.5 |  |  | $ | 30.4 |  |  | $ | 24.5 |
Average shares outstanding (millions): |  |  |  |  |  |  |
Basic | 35.6 |  |  | 35.4 |  |  | 35.5 |  |  | 36.2 |
Dilutive share awards | 0.4 |  |  | 0.4 |  |  | 0.4 |  |  | 0.3 |
Diluted | 36.0 |  |  | 35.8 |  |  | 35.9 |  |  | 36.5 |
Basic earnings per share | $ | 0.02 |  |  | $ | 0.18 |  |  | $ | 0.86 |  |  | $ | 0.68 |
Diluted earnings per share | $ | 0.02 |  |  | $ | 0.18 |  |  | $ | 0.85 |  |  | $ | 0.67 |
Potentially dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the third quarter and September year-to-date 2024 and 2023 (see Stock-Based Compensation footnote for a description of performance shares). Dividends paid per share for Class A and Class B common stock were $0.075 for the third quarter of 2024 and 2023 and $0.225 for September year-to-date 2024 and 2023. In November 2022, the Company's board of directors authorized a $50.0 million Class A share repurchase program, which was completed in August 2023. The Company repurchased 414,534 shares for $7.4 million during the third quarter of 2023 and 2,496,827 shares for $42.2 million through September year-to-date 2023. A total of 2,971,471 shares were repurchased under the share repurchase program at an average price of $16.83 per share.

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