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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2023
Jun. 26, 2022
Jul. 02, 2023
Jun. 26, 2022
Income Statement [Abstract]        
Net sales $ 110.4 $ 109.5 $ 211.7 $ 206.5
Cost of goods sold (86.2) (83.8) (166.4) (156.6)
Gross profit 24.2 25.7 45.3 49.9
Selling, general and administrative expenses (12.8) (11.5) (25.3) (22.2)
Research and development (1.0) (1.2) (2.2) (2.5)
Restructuring charges (2.5) (0.3) (2.8) (1.7)
Acquisition and disposal related costs 0.0 (0.1) 0.0 (0.3)
Operating income 7.9 12.6 15.0 23.2
Net interest expense (1.8) (0.9) (3.1) (1.7)
Defined benefit pension credit / (charge) 0.6 0.3 (8.3) 0.7
Income before income taxes 6.7 12.0 3.6 22.2
(Provision) / credit for income taxes (1.8) (2.4) 1.8 (4.9)
Net income from continuing operations 4.9 9.6 5.4 17.3
Loss from discontinued operations, net of tax (0.2) (0.3) (0.2) (0.4)
Net loss from discontinued operations (0.2) (0.3) (0.2) (0.4)
Net income $ 4.7 $ 9.3 $ 5.2 $ 16.9
Earnings / (loss) per share        
Basic from continuing operations (usd per share) [1] $ 0.18 $ 0.35 $ 0.20 $ 0.63
Basic from discontinued operations (usd per share) [1] (0.01) (0.01) [2] (0.01) [2] (0.01) [2]
Basic (usd per share) [1] 0.17 0.34 0.19 0.62
Diluted from continuing operations (usd per share) [1] 0.18 0.35 0.20 0.62
Diluted from discontinued operations (usd per share) [1],[2] (0.01) (0.01) (0.01) (0.01)
Diluted (usd per share) [1] $ 0.17 $ 0.34 $ 0.19 $ 0.61
Weighted average ordinary shares outstanding        
Basic (in shares) 26,923,804 27,428,579 26,922,528 27,458,980
Diluted (in shares) 27,065,338 27,703,217 27,083,986 27,720,065
[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 has not been diluted, since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive.