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Earnings Per Share | 6 Months Ended
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Jun. 29, 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 second quarter and June year-to-date 2025 and 2024 is as follows (in millions of dollars except per share data):
| Second Quarter |  | June Year-to-Date
| 2025 |  | 2024 |  | 2025 |  | 2024
Net earnings | $ | 19.0 |  |  | $ | 4.6 |  |  | $ | 24.8 |  |  | $ | 30.4 |
Less: earnings allocated to participating securities | (0.6) |  |  | (0.1) |  |  | (0.8) |  |  | (0.7) |
Net earnings available to common shareholders | $ | 18.4 |  |  | $ | 4.5 |  |  | $ | 24.0 |  |  | $ | 29.7 |
Average shares outstanding (millions): |  |  |  |  |  |  |
Basic | 35.2 |  |  | 35.5 |  |  | 35.1 |  |  | 35.5 |
Dilutive share awards | 0.5 |  |  | 0.4 |  |  | 0.5 |  |  | 0.4 |
Diluted | 35.7 |  |  | 35.9 |  |  | 35.6 |  |  | 35.9 |
Basic earnings per share | $ | 0.52 |  |  | $ | 0.13 |  |  | $ | 0.68 |  |  | $ | 0.84 |
Diluted earnings per share | $ | 0.52 |  |  | $ | 0.12 |  |  | $ | 0.67 |  |  | $ | 0.83 |
Potentially dilutive share awards for Class A common stock are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the second quarter and June year-to-date 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 second quarter of 2025 and 2024 and $0.15 for June year-to-date 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 second quarter and June year-to-date 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 second quarter-end 2025.

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