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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 25, 2022
Sep. 26, 2021
Sep. 25, 2022
Sep. 26, 2021
Income Statement [Abstract]        
Net sales $ 100.2 $ 91.2 $ 306.7 $ 275.4
Cost of goods sold (77.0) (70.1) (233.6) (203.2)
Gross profit 23.2 21.1 73.1 72.2
Selling, general and administrative expenses (10.3) (10.6) (32.5) (33.9)
Research and development (1.0) (1.3) (3.5) (2.9)
Restructuring charges (0.3) (0.5) (2.0) (2.1)
Acquisition and disposal related costs 0.0 (0.6) (0.3) (1.5)
Other charges 0.0 0.0 0.0 (1.1)
Operating income 11.6 8.1 34.8 30.7
Interest expense (1.0) (0.8) (2.7) (2.4)
Defined benefit pension credit 0.2 0.6 0.9 1.8
Income before income taxes 10.8 7.9 33.0 30.1
Provision for income taxes (2.3) (1.9) (7.2) (3.6)
Net income from continuing operations 8.5 6.0 25.8 26.5
Net loss from discontinued operations, net of tax (0.5) (0.7) (0.9) (2.8)
(Loss) / gain on disposition of discontinued operations, net of tax 0.0 (0.5) 0.0 6.6
Net (loss) / income from discontinued operations (0.5) (1.2) (0.9) 3.8
Net income $ 8.0 $ 4.8 $ 24.9 $ 30.3
Earnings / (loss) per share        
Basic from continuing operations (usd per share) [1] $ 0.31 $ 0.22 $ 0.94 $ 0.96
Basic from discontinued operations (usd per share) [1],[2] (0.02) (0.04) (0.03) 0.14
Basic (usd per share) [1] 0.29 0.17 0.91 1.09
Diluted from continuing operations (usd per share) [1] 0.31 0.21 0.93 0.94
Diluted from discontinued operations (usd per share) [1],[2] (0.02) (0.04) (0.03) 0.14
Diluted (usd per share) [1] $ 0.29 $ 0.17 $ 0.90 $ 1.08
Weighted average ordinary shares outstanding        
Basic (in shares) 27,295,862 27,722,472 27,403,844 27,718,874
Diluted (in shares) 27,525,314 28,033,732 27,652,886 28,072,155
[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 Third Quarter of 2022 and 2021 and year-to-date of 2022 has not been diluted, since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive.