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Earnings (Loss) Per Share
 9 Months Ended
Sep. 27, 2026
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
9. Earnings (Loss) Per Share

The reconciliation of basic and diluted earnings (loss) per share on common stock for the third quarter and September year-to-date 2026 and 2025 is as follows:
Third QuarterSeptember Year-to-Date
2026202520262025
Net earnings (loss)$(1.7)$(150.1)$3.8 $(125.3)
Less: earnings allocated to participating securities— — (0.4)— 
Net earnings (loss) available to common shareholders$(1.7)$(150.1)$3.4 $(125.3)
Average common shares outstanding (millions):
Basic34.7 35.3 34.6 35.2 
Dilutive share awards— — 0.5 — 
Diluted34.7 35.3 35.1 35.2 
Basic earnings (loss) per share$(0.05)$(4.26)$0.10 $(3.56)
Diluted earnings (loss) per share$(0.05)$(4.26)$0.10 $(3.56)

Due to the Company’s net loss in the third quarter of 2026 and 2025 and September year-to-date 2025, potentially dilutive share awards outstanding, primarily related to non-employee directors deferred compensation plan and performance shares (see Stock-Based Compensation footnote for a description of performance shares) of 0.5 million shares and 0.4 million shares for the third quarter of 2026 and 2025, respectively, and 0.5 million for September year-to-date 2025, had an anti-dilutive effect on diluted earnings per share and were excluded from the computation. For September year-to-date 2026, dilutive share awards were included in the calculation. Dividends paid per share for Class A and Class B common stock were $0.075 for the third quarter of 2026 and 2025, and $0.225 for September 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 third quarter and September 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 third quarter-end 2026.