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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2023
Sep. 25, 2022
Oct. 01, 2023
Sep. 25, 2022
Income Statement [Abstract]        
Net sales $ 97.4 $ 100.2 $ 309.1 $ 306.7
Cost of goods sold (82.8) (77.0) (249.2) (233.6)
Gross profit 14.6 23.2 59.9 73.1
Selling, general and administrative expenses (11.3) (10.3) (36.6) (32.5)
Research and development (1.2) (1.0) (3.4) (3.5)
Restructuring charges (1.6) (0.3) (4.4) (2.0)
Acquisition and disposal related costs 0.0 0.0 0.0 (0.3)
Operating income 0.5 11.6 15.5 34.8
Net interest expense (1.6) (1.0) (4.7) (2.7)
Defined benefit pension credit / (charge) 0.3 0.2 (8.0) 0.9
(Loss) / income before income taxes (0.8) 10.8 2.8 33.0
(Provision) / credit for income taxes (0.7) (2.3) 1.1 (7.2)
Net (loss) / income from continuing operations (1.5) 8.5 3.9 25.8
Net income / (loss) from discontinued operations 0.2 (0.5) 0.0 (0.9)
Net (loss) / income $ (1.3) $ 8.0 $ 3.9 $ 24.9
(Loss) / earnings per share        
Basic from continuing operations (usd per share) [1],[2] $ (0.06) $ 0.31 $ 0.14 $ 0.94
Basic from discontinued operations (usd per share) [1],[2] 0.01 (0.02) 0 (0.03)
Basic (usd per share) [2] (0.05) 0.29 0.14 0.91
Diluted from continuing operations (usd per share) [1],[2] (0.06) 0.31 0.14 0.93
Diluted from discontinued operations (usd per share) [1],[2] 0.01 (0.02) 0 (0.03)
Diluted (usd per share) [2] $ (0.05) $ 0.29 $ 0.14 $ 0.90
Weighted average ordinary shares outstanding        
Basic (in shares) 26,895,968 27,295,862 26,913,771 27,403,844
Diluted (in shares) 27,016,373 27,525,314 27,072,425 27,652,886
[1] The loss per share for the third quarter of 2023 for continuing operations and the third quarter of 2022 and 2022 year-to-date 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.
[2] 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.