Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Income Statement [Abstract]      
Net sales $ 835.6 $ 885.4 $ 869.2
Cost of sales 573.9 586.9 556.4
Gross profit 261.7 298.5 312.8
Selling, engineering and administrative expenses 148.9 133.1 130.7
Amortization of intangible assets 32.9 28.1 32.8
Operating income 79.9 137.3 149.3
Interest expense, net 31.2 16.7 16.9
Foreign currency transaction loss (gain), net 0.6 (0.9) 1.0
Other non-operating (income) expense, net (1.1) (0.3) 0.2
Income before income taxes 49.2 121.8 131.2
Income tax provision 11.7 23.4 26.6
Net income $ 37.5 $ 98.4 $ 104.6
Net income per share:      
Basic $ 1.14 $ 3.03 $ 3.24
Diluted $ 1.14 $ 3.02 $ 3.22
Weighted average shares outstanding:      
Basic 32.9 32.5 32.3
Diluted 33.0 32.6 32.5
Dividends declared per share $ 0.36 $ 0.36 $ 0.36