Net (Loss) Income per Share (Tables)
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6 Months Ended |
Jun. 26, 2020 |
Earnings Per Share [Abstract] |
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Schedule of computation of basic and diluted net income per share |
The following table sets forth the computation of basic and diluted net (loss) income per common share: | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | | | Twenty-Six Weeks Ended | | | | June 26, 2020 | | June 28, 2019 | | June 26, 2020 | | June 28, 2019 | Net (loss) income per share: | | | | | | | | Basic | $ | (0.57) | | | $ | 0.26 | | | $ | (1.05) | | | $ | 0.30 | | Diluted | $ | (0.57) | | | $ | 0.26 | | | $ | (1.05) | | | $ | 0.30 | | Weighted average common shares: | | | | | | | | Basic | 35,759,193 | | | 29,527,167 | | | 32,672,876 | | | 29,492,138 | | Diluted | 35,759,193 | | | 29,848,285 | | | 32,672,876 | | | 29,844,614 | |
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Schedule of reconciliation of net income per common share |
Reconciliation of net (loss) income per common share: | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | | | Twenty-Six Weeks Ended | | | | June 26, 2020 | | June 28, 2019 | | June 26, 2020 | | June 28, 2019 | Numerator: | | | | | | | | Net (loss) income | $ | (20,334) | | | $ | 7,746 | | | $ | (34,419) | | | $ | 8,880 | | | | | | | | | | | | | | | | | | | | | | | | | | Denominator: | | | | | | | | Weighted average basic common shares outstanding | 35,759,193 | | | 29,527,167 | | | 32,672,876 | | | 29,492,138 | | Dilutive effect of stock options and unvested common shares | — | | | 321,118 | | | — | | | 352,476 | | | | | | | | | | Weighted average diluted common shares outstanding | 35,759,193 | | | 29,848,285 | | | 32,672,876 | | | 29,844,614 | |
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Schedule of dilutive securities that have been excluded from the calculation of diluted net income per common share |
Potentially dilutive securities that have been excluded from the calculation of diluted net (loss) income per common share because the effect is anti-dilutive are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Thirteen Weeks Ended | | | | Twenty-Six Weeks Ended | | | | June 26, 2020 | | June 28, 2019 | | June 26, 2020 | | June 28, 2019 | Restricted share awards (“RSAs”) | 534,172 | | | 148,793 | | | 393,905 | | | 74,291 | | | | | | | | | | Convertible notes | 3,484,788 | | | 91,053 | | | 3,484,788 | | | 91,053 | |
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