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CONDENSED CONSOLIDATED STATEMENTS OF (LOSS) / INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jul. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Income Statement [Abstract]        
Net sales $ 99.7 $ 110.4 $ 189.1 $ 211.7
Cost of goods sold (77.7) (86.2) (148.7) (166.4)
Gross profit 22.0 24.2 40.4 45.3
Selling, general and administrative expenses (11.9) (12.8) (23.5) (25.3)
Research and development (1.1) (1.0) (2.3) (2.2)
Restructuring charges (1.1) (2.5) (1.8) (2.8)
Acquisition and disposal related costs (9.2) 0.0 (9.4) 0.0
Other income 5.1 0.0 5.3 0.0
Operating income 3.8 7.9 8.7 15.0
Net interest expense (1.3) (1.8) (2.7) (3.1)
Defined benefit pension credit / (charge) 0.2 0.6 0.5 (8.3)
Income before income taxes 2.7 6.7 6.5 3.6
(Provision) / credit for income taxes (3.1) (1.8) (4.1) 1.8
Net (loss) / income from continuing operations (0.4) 4.9 2.4 5.4
Loss from discontinued operations, net of tax (0.1) (0.2) (0.2) (0.2)
Net loss from discontinued operations (0.1) (0.2) (0.2) (0.2)
Net (loss) / income $ (0.5) $ 4.7 $ 2.2 $ 5.2
(Loss) / earnings / per share        
Basic from continuing operations (usd per share) [1] $ (0.01) $ 0.18 $ 0.09 $ 0.20
Basic from discontinued operations (usd per share) [1],[2] (0.01) (0.01) (0.01) (0.01)
Basic (usd per share) [1] (0.02) 0.17 0.08 0.19
Diluted from continuing operations (usd per share) [1] (0.01) 0.18 0.09 0.20
Diluted from discontinued operations (usd per share) [1],[2] 0 (0.01) (0.01) (0.01)
Diluted (usd per share) [1] $ (0.02) $ 0.17 $ 0.08 $ 0.19
Weighted average ordinary shares outstanding        
Basic (in shares) 26,831,372 26,923,804 26,826,123 26,922,528
Diluted (in shares) 26,932,291 27,065,338 26,892,230 27,083,986
[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.