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Earnings Per Share | 3 Months Ended
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Mar. 30, 2025
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 first quarter of 2025 and 2024 is as follows (in millions of dollars except per share data):
| First Quarter |  |
| 2025 |  | 2024 |  |  |  |
Net earnings | $ | 5.8 |  |  | $ | 25.8 |  |  |  |  |
Less: earnings allocated to participating securities | (0.2) |  |  | (0.6) |  |  |  |  |
Net earnings available to common shareholders | $ | 5.6 |  |  | $ | 25.2 |  |  |  |  |
Average shares outstanding (millions): |  |  |  |  |  |  |
Basic | 35.0 |  |  | 35.4 |  |  |  |  |
Dilutive share awards | 0.5 |  |  | 0.4 |  |  |  |  |
Diluted | 35.5 |  |  | 35.8 |  |  |  |  |
Basic earnings per share | $ | 0.16 |  |  | $ | 0.71 |  |  |  |  |
Diluted earnings per share | $ | 0.16 |  |  | $ | 0.70 |  |  |  |  |
Potentially dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the first quarter of 2025 and 2024 (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 first quarter of 2025 and 2024. In November 2024, the Company's board of directors authorized a $50.0 million Class A share repurchase program that expires on December 2, 2026. During the first quarter of 2025, the Company did not repurchase any Class A shares. A total of $40.0 million remains available under the share repurchase program as of first quarter-end 2025.

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