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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2021
Jun. 28, 2020
Jun. 27, 2021
Jun. 28, 2020
Income Statement [Abstract]        
Net sales $ 99.0 $ 76.6 $ 184.2 $ 165.0
Cost of goods sold (73.1) (58.6) (133.1) (122.9)
Gross profit 25.9 18.0 51.1 42.1
Selling, general and administrative expenses (12.7) (10.5) (23.3) (21.9)
Research and development (0.8) (0.9) (1.6) (1.6)
Restructuring charges (0.2) (0.8) (1.6) (3.6)
Acquisition and disposal related costs (0.7) 0.0 (0.9) (0.2)
Other charges 0.0 0.0 (1.1) 0.0
Operating income 11.5 5.8 22.6 14.8
Interest expense (0.8) (1.1) (1.6) (2.3)
Defined benefit pension credit 0.6 1.1 1.2 2.2
Income before income taxes and equity in net loss from affiliates 11.3 5.8 22.2 14.7
Credit / (provision) for income taxes 0.6 (1.1) (1.7) (2.8)
Income before equity in net loss from affiliates 11.9 4.7 20.5 11.9
Equity in net loss from affiliates (net of tax) 0.0 (0.1) 0.0 (0.1)
Net income from continuing operations 11.9 4.6 20.5 11.8
Net loss from discontinued operations, net of tax (0.5) (0.5) (2.1) (1.5)
Gain on disposition of discontinued operations, net of tax (0.4) 0.0 7.1 0.0
Net (loss) / income from discontinued operations (0.9) (0.5) 5.0 (1.5)
Net income $ 11.0 $ 4.1 $ 25.5 $ 10.3
Earnings / (loss) per share        
Basic from continuing operations (usd per share) [1] $ 0.43 $ 0.17 $ 0.74 $ 0.43
Basic from discontinued operations (usd per share) [1],[2] (0.03) (0.02) 0.18 (0.05)
Basic (usd per share) [1] 0.40 0.15 0.92 0.37
Diluted from continuing operations (usd per share) 0.42 0.16 0.73 0.42
Diluted from discontinued operations (usd per share) [2] (0.03) (0.02) 0.18 (0.05)
Diluted (usd per share) $ 0.39 $ 0.15 $ 0.91 $ 0.37
Weighted average ordinary shares outstanding        
Basic (in shares) 27,771,983 27,540,377 27,717,025 27,490,955
Diluted (in shares) 28,131,785 27,968,825 28,095,788 27,933,119
[1] The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular period may not equal the earnings-per-share amount in total.
[2] The loss per share for discontinued operations in the Second Quarter of 2021 and Second quarter and year-to-date of 2020 has not been diluted, since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive.