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Earnings per share
 9 Months Ended
Oct. 01, 2023
Earnings Per Share [Abstract]  
Earnings per share Earnings per share
Basic earnings per share are computed by dividing net income or loss for the period by the weighted-average number of ordinary shares outstanding, net of treasury shares and shares held in ESOP. Diluted earnings per share are computed by dividing net income for the period by the weighted average number of ordinary shares outstanding and the dilutive ordinary shares equivalents.
Basic and diluted earnings per share were calculated as follows:
Third QuarterYear-to-date
In millions except share and per-share data2023202220232022
Basic (loss) / earnings:
Net (loss) / income from continuing operations$(1.5)$8.5 $3.9 $25.8 
Net income / (loss) from discontinued operations0.2 (0.5)— (0.9)
Net (loss) / income$(1.3)$8.0 $3.9 $24.9 
Weighted average number of £0.50 ordinary shares:
For basic earnings per share26,895,968 27,295,862 26,913,771 27,403,844 
Dilutive effect of potential common stock120,405 229,452 158,654 249,042 
For diluted earnings per share27,016,373 27,525,314 27,072,425 27,652,886 
(Loss) / earnings per share using weighted average number of ordinary shares outstanding(1):
Basic (loss) / earnings per ordinary share for continuing operations$(0.06)$0.31 $0.14 $0.94 
Basic earnings / (loss) per ordinary share for discontinued operations0.01 (0.02)— (0.03)
Basic (loss) / earnings per ordinary share$(0.05)$0.29 $0.14 $0.91 
Diluted (loss) / earnings per ordinary share for continuing operations$(0.06)$0.31 $0.14 $0.93 
Diluted earnings / (loss) per ordinary share for discontinued operations0.01 (0.02)— (0.03)
Diluted (loss) / earnings per ordinary share$(0.05)$0.29 $0.14 $0.90 
(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
Basic average shares outstanding and diluted average shares outstanding were the same for continuing operations in the third quarter of 2023 and for discontinued operations in the third quarter of 2022 and year-to-date 2022, because the effect of potential shares of common stock was anti-dilutive since the Company generated a net loss.