v3.24.2.u1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net Sales $ 219.9 $ 227.6 $ 431.9 $ 440.8
Cost of sales 149.3 151.8 294.1 294.0
Gross profit 70.6 75.8 137.8 146.8
Selling, engineering and administrative expenses 36.7 38.0 75.7 76.1
Amortization of intangible assets 7.9 8.3 15.7 16.4
Operating income 26.0 29.5 46.4 54.3
Interest expense, net 8.5 7.8 16.7 14.0
Foreign currency transaction loss, net 0.2 0.1 0.5 0.5
Other non-operating income, net (0.3) (0.2) (0.3) 0.0
Income before income taxes 17.6 21.8 29.5 39.8
Income tax provision 4.0 5.0 6.8 9.2
Net income $ 13.6 $ 16.8 $ 22.7 $ 30.6
Net income per share:        
Basic $ 0.41 $ 0.51 $ 0.69 $ 0.94
Diluted $ 0.41 $ 0.51 $ 0.68 $ 0.93
Weighted average shares outstanding:        
Basic 33.2 32.8 33.2 32.7
Diluted 33.3 32.9 33.3 32.8
Dividends declared per share $ 0.09 $ 0.09 $ 0.18 $ 0.18

Source