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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Additional paid-in capital
Treasury shares
Own shares held by ESOP
Retained earnings
Accumulated other comprehensive loss
Ordinary shares
Common stock
Beginning balance at Dec. 31, 2022 $ 207.3 $ 221.4 $ (20.4) $ (1.0) $ 120.2 $ (139.4) $ 26.5
Beginning balance (in shares) at Dec. 31, 2022     (1.3) (0.7)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income 0.5       0.5    
Other comprehensive loss, net of tax 10.2         10.2  
Dividends declared (3.5)       (3.5)    
Share-based compensation 0.6 0.6          
Share buyback (in shares)     (0.1)        
Share buyback (0.8)   $ (0.8)        
Utilization of treasury shares to satisfy share based compensation (0.3) (0.3)          
Ending balance at Apr. 02, 2023 214.0 221.7 $ (21.2) $ (1.0) 117.2 (129.2) 26.5
Ending balance (in shares) at Apr. 02, 2023     (1.4) (0.7)      
Beginning balance at Dec. 31, 2022 207.3 221.4 $ (20.4) $ (1.0) 120.2 (139.4) 26.5
Beginning balance (in shares) at Dec. 31, 2022     (1.3) (0.7)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income 5.2            
Other comprehensive loss, net of tax 13.8            
Ending balance at Jul. 02, 2023 215.2 222.1 $ (21.8) $ (0.9) 114.9 (125.6) 26.5
Ending balance (in shares) at Jul. 02, 2023     (1.4) (0.6)      
Beginning balance at Apr. 02, 2023 214.0 221.7 $ (21.2) $ (1.0) 117.2 (129.2) 26.5
Beginning balance (in shares) at Apr. 02, 2023     (1.4) (0.7)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income 4.7       4.7    
Other comprehensive loss, net of tax 3.6         3.6  
Dividends declared (7.0)       (7.0)    
Share-based compensation 0.7 0.7          
Share buyback (0.8)   $ (0.8)        
Utilization of treasury shares to satisfy share based compensation (0.1) (0.3) 0.2        
Utilization of shares from ESOP to satisfy share based compensation (in shares)       0.1      
Utilization of treasury shares to satisfy share based compensation 0.1     $ 0.1      
Ending balance at Jul. 02, 2023 215.2 222.1 $ (21.8) $ (0.9) 114.9 (125.6) 26.5
Ending balance (in shares) at Jul. 02, 2023     (1.4) (0.6)      
Beginning balance at Dec. 31, 2023 212.6 223.5 $ (22.9) $ (0.9) 104.3 (117.9) 26.5
Beginning balance (in shares) at Dec. 31, 2023     (1.5) (0.6)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income 2.7       2.7    
Other comprehensive loss, net of tax (1.5)         (1.5)  
Dividends declared (3.5)       (3.5)    
Share-based compensation 0.6 0.6          
Share buyback (0.4)   $ (0.4)        
Utilization of shares from ESOP to satisfy share based compensation (in shares)       0.0      
Utilization of treasury shares to satisfy share based compensation (0.2) (0.2)   $ 0.0      
Ending balance at Mar. 31, 2024 210.3 223.9 $ (23.3) $ (0.9) 103.5 (119.4) 26.5
Ending balance (in shares) at Mar. 31, 2024     (1.5) (0.6)      
Beginning balance at Dec. 31, 2023 212.6 223.5 $ (22.9) $ (0.9) 104.3 (117.9) 26.5
Beginning balance (in shares) at Dec. 31, 2023     (1.5) (0.6)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income 2.2            
Other comprehensive loss, net of tax (1.6)            
Ending balance at Jun. 30, 2024 206.3 224.2 $ (23.6) $ (0.8) 99.5 (119.5) 26.5
Ending balance (in shares) at Jun. 30, 2024     (1.6) (0.6)      
Beginning balance at Mar. 31, 2024 210.3 223.9 $ (23.3) $ (0.9) 103.5 (119.4) 26.5
Beginning balance (in shares) at Mar. 31, 2024     (1.5) (0.6)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) / income (0.5)       (0.5)    
Other comprehensive loss, net of tax (0.1)         (0.1)  
Dividends declared (3.5)       (3.5)    
Share-based compensation 0.8 0.8          
Share buyback (in shares)     (0.1)        
Share buyback (0.6)   $ (0.6)        
Utilization of treasury shares to satisfy share based compensation 0.0 (0.3) 0.3        
Utilization of shares from ESOP to satisfy share based compensation (in shares)       0.0      
Utilization of treasury shares to satisfy share based compensation (0.1) (0.2)   $ 0.1      
Ending balance at Jun. 30, 2024 $ 206.3 $ 224.2 $ (23.6) $ (0.8) $ 99.5 $ (119.5) $ 26.5
Ending balance (in shares) at Jun. 30, 2024     (1.6) (0.6)