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CONDENSED CONSOLIDATED STATEMENTS OF INCOME / (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2024
Oct. 01, 2023
Sep. 29, 2024
Oct. 01, 2023
Income Statement [Abstract]        
Net sales $ 99.4 $ 97.4 $ 288.5 $ 309.1
Cost of goods sold (77.0) (82.8) (225.7) (249.2)
Gross profit 22.4 14.6 62.8 59.9
Selling, general and administrative expenses (11.4) (11.3) (34.9) (36.6)
Research and development (1.0) (1.2) (3.3) (3.4)
Restructuring charges (0.5) (1.6) (2.3) (4.4)
Acquisition and disposal related costs (0.1) 0.0 (9.5) 0.0
Gain on disposal of assets held-for-sale 6.1 0.0 6.1 0.0
Other income 1.9 0.0 7.2 0.0
Operating income 17.4 0.5 26.1 15.5
Net interest expense (1.4) (1.6) (4.1) (4.7)
Defined benefit pension credit / (charge) 0.3 0.3 0.8 (8.0)
Income / (loss) before income taxes 16.3 (0.8) 22.8 2.8
(Provision) / credit for income taxes (3.7) (0.7) (7.8) 1.1
Net income / (loss) from continuing operations 12.6 (1.5) 15.0 3.9
Income / (loss) from discontinued operations, net of tax 0.1 0.2 (0.1) 0.0
Net income / (loss) from discontinued operations 0.1 0.2 (0.1) 0.0
Net income / (loss) $ 12.7 $ (1.3) $ 14.9 $ 3.9
Earnings / (loss) per share        
Basic from continuing operations (usd per share) [1] $ 0.47 $ (0.06) $ 0.56 $ 0.14
Basic from discontinued operations (usd per share) [1],[2] 0 0.01 0 0
Basic (usd per share) [1] 0.47 (0.05) 0.56 0.14
Diluted from continuing operations (usd per share) [1] 0.47 (0.06) 0.56 0.14
Diluted from discontinued operations (usd per share) [1],[2] 0 0.01 0 0
Diluted (usd per share) [1] $ 0.47 $ (0.05) $ 0.55 $ 0.14
Weighted average ordinary shares outstanding        
Basic (in shares) 26,808,401 26,895,968 26,820,280 26,913,771
Diluted (in shares) 26,932,411 27,016,373 26,961,125 27,072,425
[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 continuing operations for the third quarter of 2023 and for discontinued operations for first nine months of 2024, has not been diluted since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive.