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Earnings (Loss) Per Share
 9 Months Ended
Sep. 28, 2025
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
10. 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 2025 and 2024 is as follows (in millions, except per share data):
 Third QuarterSeptember Year-to-Date
 2025202420252024
Net earnings (loss)$(150.1)$0.8 $(125.3)$31.2 
Less: earnings allocated to participating securities— (0.1)— (0.8)
Net earnings available to common shareholders$(150.1)$0.7 $(125.3)$30.4 
Average shares outstanding (millions):
Basic35.3 35.6 35.2 35.5 
Dilutive share awards— 0.4 — 0.4 
Diluted35.3 36.0 35.2 35.9 
Basic earnings (loss) per share$(4.26)$0.02 $(3.56)$0.86 
Diluted earnings (loss) per share$(4.26)$0.02 $(3.56)$0.85 

Due to the Company’s net loss in the third quarter and September year-to-date 2025, potentially dilutive share awards outstanding, primarily related to non-employee directors deferred compensation plan and performance shares (see Stock-Based Compensation footnote for a description of performance shares) of 0.4 million and 0.5 million shares for the third quarter and September year-to-date 2025, respectively, had an anti-dilutive effect on diluted earnings per share and were excluded from the computation. Potentially dilutive share awards for Class A common shares 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. Dividends paid per share for Class A and Class B common stock were $0.075 for the third quarter of 2025 and 2024 and $0.225 for September 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 third quarter and September year-to-date 2025, the Company did not repurchase any Class A shares. A total of $40.0 million remained available under the share repurchase program as of third quarter-end 2025.