CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions |
Total |
Additional paid-in capital |
Treasury shares |
Own shares held by ESOP |
Retained earnings |
Accumulated other comprehensive loss |
Ordinary shares
Common stock
|
| Beginning balance at Dec. 31, 2023 |
$ 212.6
|
$ 223.5
|
$ (22.9)
|
$ (0.9)
|
$ 104.3
|
$ (117.9)
|
$ 26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Dec. 31, 2023 |
(1.5)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ 2.7
|
|
|
|
2.7
|
|
|
| Other comprehensive income, net of tax |
(1.5)
|
|
|
|
|
(1.5)
|
|
| Dividends declared and paid |
(3.5)
|
|
|
|
(3.5)
|
|
|
| Share-based compensation |
0.6
|
0.6
|
|
|
|
|
|
| Share buyback |
(0.4)
|
|
(0.4)
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
(0.2)
|
(0.2)
|
|
|
|
|
|
| Ending balance at Mar. 31, 2024 |
$ 210.3
|
223.9
|
(23.3)
|
$ (0.9)
|
103.5
|
(119.4)
|
26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Mar. 31, 2024 |
(1.5)
|
|
|
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2024 |
|
|
|
(0.6)
|
|
|
|
| Beginning balance at Dec. 31, 2023 |
$ 212.6
|
223.5
|
(22.9)
|
$ (0.9)
|
104.3
|
(117.9)
|
26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Dec. 31, 2023 |
(1.5)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2023 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ 2.2
|
|
|
|
|
|
|
| Other comprehensive income, net of tax |
(1.6)
|
|
|
|
|
|
|
| Dividends declared and paid |
(7.0)
|
|
|
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 206.3
|
224.2
|
(23.6)
|
$ (0.8)
|
99.5
|
(119.5)
|
26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Jun. 30, 2024 |
(1.6)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
(0.6)
|
|
|
|
| Beginning balance at Mar. 31, 2024 |
$ 210.3
|
223.9
|
$ (23.3)
|
$ (0.9)
|
103.5
|
(119.4)
|
26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Mar. 31, 2024 |
(1.5)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 31, 2024 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ (0.5)
|
|
|
|
(0.5)
|
|
|
| Other comprehensive income, net of tax |
(0.1)
|
|
|
|
|
(0.1)
|
|
| Dividends declared and paid |
(3.5)
|
|
|
|
(3.5)
|
|
|
| Share-based compensation |
0.8
|
0.8
|
|
|
|
|
|
| Share buyback (in shares) |
|
|
(0.1)
|
|
|
|
|
| Share buyback |
(0.6)
|
|
$ (0.6)
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
0.0
|
(0.3)
|
0.3
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
(0.1)
|
(0.2)
|
|
$ 0.1
|
|
|
|
| Ending balance at Jun. 30, 2024 |
$ 206.3
|
224.2
|
(23.6)
|
$ (0.8)
|
99.5
|
(119.5)
|
26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Jun. 30, 2024 |
(1.6)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2024 |
|
|
|
(0.6)
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 219.5
|
226.1
|
(24.9)
|
$ (0.8)
|
108.7
|
(116.1)
|
26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Dec. 31, 2024 |
(1.7)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ 5.5
|
|
|
|
5.5
|
|
|
| Other comprehensive income, net of tax |
5.2
|
|
|
|
|
5.2
|
|
| Dividends declared and paid |
(3.5)
|
|
|
|
(3.5)
|
|
|
| Share-based compensation |
0.9
|
0.9
|
|
|
|
|
|
| Share buyback |
(0.5)
|
|
(0.5)
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
(0.4)
|
(0.4)
|
|
|
|
|
|
| Ending balance at Mar. 30, 2025 |
$ 226.7
|
226.6
|
(25.4)
|
$ (0.8)
|
110.7
|
(110.9)
|
26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Mar. 30, 2025 |
(1.7)
|
|
|
|
|
|
|
| Ending balance (in shares) at Mar. 30, 2025 |
|
|
|
(0.6)
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 219.5
|
226.1
|
(24.9)
|
$ (0.8)
|
108.7
|
(116.1)
|
26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Dec. 31, 2024 |
(1.7)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ 8.1
|
|
|
|
|
|
|
| Other comprehensive income, net of tax |
17.0
|
|
|
|
|
|
|
| Dividends declared and paid |
(7.0)
|
|
|
|
|
|
|
| Ending balance at Jun. 29, 2025 |
$ 237.7
|
226.8
|
(25.6)
|
$ (0.7)
|
109.8
|
(99.1)
|
26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Jun. 29, 2025 |
(1.7)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 29, 2025 |
|
|
|
(0.5)
|
|
|
|
| Beginning balance at Mar. 30, 2025 |
$ 226.7
|
226.6
|
$ (25.4)
|
$ (0.8)
|
110.7
|
(110.9)
|
26.5
|
| Treasury Stock, Common, Shares, opening balance (in shares) at Mar. 30, 2025 |
(1.7)
|
|
|
|
|
|
|
| Beginning balance (in shares) at Mar. 30, 2025 |
|
|
|
(0.6)
|
|
|
|
| Increase (Decrease) in Stockholders' Equity [Roll Forward] |
|
|
|
|
|
|
|
| Net income / (loss) |
$ 2.6
|
|
|
|
2.6
|
|
|
| Other comprehensive income, net of tax |
11.8
|
|
|
|
|
11.8
|
|
| Dividends declared and paid |
(3.5)
|
|
|
|
(3.5)
|
|
|
| Share-based compensation |
0.9
|
0.9
|
|
|
|
|
|
| Share buyback (in shares) |
|
|
(0.1)
|
|
|
|
|
| Share buyback |
(0.6)
|
|
$ (0.6)
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
(0.2)
|
(0.6)
|
$ 0.4
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation (in shares) |
|
|
0.1
|
|
|
|
|
| Utilization of treasury shares to satisfy share based compensation |
0.0
|
(0.1)
|
|
$ 0.1
|
|
|
|
| Utilization of shares from ESOP to satisfy share based compensation (in shares) |
|
|
|
0.1
|
|
|
|
| Ending balance at Jun. 29, 2025 |
$ 237.7
|
$ 226.8
|
$ (25.6)
|
$ (0.7)
|
$ 109.8
|
$ (99.1)
|
$ 26.5
|
| Treasury Stock, Common, Shares, ending balance (in shares) at Jun. 29, 2025 |
(1.7)
|
|
|
|
|
|
|
| Ending balance (in shares) at Jun. 29, 2025 |
|
|
|
(0.5)
|
|
|
|