v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 28, 2026
Earnings Per Share [Abstract]  
Earnings Per Share
9. Earnings Per Share

The reconciliation of basic and diluted earnings per share on common stock for the second quarter and June year-to-date 2026 and 2025 is as follows:
Second QuarterJune Year-to-Date
2026202520262025
Net earnings$11.4 $19.0 $5.5 $24.8 
Less: earnings allocated to participating securities(0.6)(0.6)(0.3)(0.8)
Net earnings available to common shareholders$10.8 $18.4 $5.2 $24.0 
Average common shares outstanding (millions):
Basic34.7 35.2 34.6 35.1 
Dilutive share awards0.5 0.5 0.5 0.5 
Diluted35.2 35.7 35.1 35.6 
Basic earnings per share$0.31 $0.52 $0.15 $0.68 
Diluted earnings per share$0.31 $0.52 $0.15 $0.67 


Dilutive share awards are related to deferred common stock related to the non-employee directors deferred compensation plan and performance shares for the second quarter and June year-to-date 2026 and 2025 (see Stock-Based Compensation footnote for a description of performance shares). Dividends paid per share for Class A and Class B common stock were $0.075 for the second quarter of 2026 and 2025 and $0.15 for June year-to-date 2026 and 2025.

In November 2024, the Company's board of directors authorized a $50.0 million Class A share repurchase program that expires on December 2, 2026. During the second quarter and June year-to-date 2026 and 2025, the Company did not repurchase any Class A shares under the repurchase program. A total of $30.0 million remained available under the share repurchase program as of second quarter-end 2026.