v3.25.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 29, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table reconciles net earnings and the weighted-average shares outstanding used to calculate basic and diluted earnings per share of common stock for the three months ended March 29, 2025 and March 30, 2024:
Year-to-Date
20252024
Numerator (in millions):
Net Earnings$90.4 $19.5 
Denominator (in thousands):
Basic weighted-average shares outstanding151,028 150,235 
Dilutive effect of stock contracts and awards671 706 
Diluted weighted-average shares outstanding151,699 150,941 
Earnings per share of common stock:
Basic$0.60 $0.13 
Diluted$0.60 $0.13 


The following weighted-average stock options were not included in the computation of weighted-average diluted shares outstanding because the effect would be anti-dilutive (in thousands):
Year-to-Date
20252024
Number of stock options5,753 4,995 
In March 2015, the Company entered into a forward share purchase contract with a financial institution counterparty for 3,645,510 shares of common stock. The contract obligates the Company to pay $350.0 million, plus an additional amount related to the forward component of the contract. In June 2024, the Company amended the forward share purchase contract and updated the final settlement date to June 2026, or earlier at the Company's option. The reduction of common shares outstanding was recorded at the inception of the forward share purchase contract in March 2015 and factored into the calculation of weighted-average shares outstanding at that time.