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Earnings / (loss) per share
 9 Months Ended
Sep. 29, 2024
Earnings Per Share [Abstract]  
Earnings / (loss) per share Earnings / (loss) per share
Basic earnings / (loss) 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 data2024202320242023
Basic earnings / (loss):
Net income / (loss) from continuing operations$12.6 $(1.5)$15.0 $3.9 
Net income / (loss) from discontinued operations0.1 0.2 (0.1)— 
Net income / (loss)$12.7 $(1.3)$14.9 $3.9 
Weighted average number of £0.50 ordinary shares:
For basic earnings / (loss) per share26,808,401 26,895,968 26,820,280 26,913,771 
Dilutive effect of potential common stock124,010 120,405 140,845 158,654 
For diluted earnings / (loss) per share26,932,411 27,016,373 26,961,125 27,072,425 
Earnings / (loss) per share using weighted average number of ordinary shares outstanding(1):
Basic earnings / (loss) per ordinary share for continuing operations$0.47 $(0.06)$0.56 $0.14 
Basic earnings / (loss) per ordinary share for discontinued operations— 0.01 — — 
Basic earnings / (loss) per ordinary share$0.47 $(0.05)$0.56 $0.14 
Diluted earnings / (loss) per ordinary share for continuing operations$0.47 $(0.06)$0.56 $0.14 
Diluted earnings / (loss) per ordinary share for discontinued operations— 0.01 — — 
Diluted earnings / (loss) per ordinary share$0.47 $(0.05)$0.55 $0.14 
(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 discontinued operations in 2024 year-to-date and for continuing operations in the third quarter of 2023 because the effect of potential shares of common stock was anti-dilutive since the Company generated a net loss from discontinued operations.