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EARNINGS PER SHARE - (Tables)
9 Months Ended
Sep. 26, 2020
Earnings Per Share [Abstract]  
Schedule of Basic Earnings Per Share
The following table shows the calculation of basic and diluted earnings per share:
 Three months endedNine months ended
 September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Net income attributable to Summit Inc.$90,730 $55,757 $102,815 $23,395 
Weighted average shares of Class A stock outstanding
Add: Nonvested restricted stock awards of retirement eligible shares320,343 — 145,155 — 
Add: Weighted average shares of Class A stock outstanding114,116,564 112,179,137 113,943,292 112,020,275 
Weighted average basic shares outstanding114,436,907 112,179,137 114,088,447 112,020,275 
Basic earnings per share$0.79 $0.50 $0.90 $0.21 
Diluted net income attributable to Summit Inc.$90,730 $55,757 $102,815 $23,395 
Weighted average shares of Class A stock outstanding114,116,564 112,179,137 113,943,292 112,020,275 
Add: weighted average of LP Units— — — — 
Add: stock options— 2,788,221 — 216,165 
Add: warrants— 100,037 — — 
Add: restricted stock units263,886 384,571 450,353 222,533 
Add: performance stock units91,721 53,156 63,631 38,637 
Weighted average dilutive shares outstanding114,472,171 115,505,122 114,457,276 112,497,610 
Diluted earnings per share$0.79 $0.48 $0.90 $0.21 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Excluded from the above calculations were the shares noted below as they were antidilutive:
 Three months endedNine months ended
 September 26, 2020September 28, 2019September 26, 2020September 28, 2019
Antidilutive shares:    
LP Units3,053,115 3,368,058 3,086,819 3,404,231 
Time-vesting stock options2,095,929 — 2,095,929 — 
Warrants100,037 — 100,037 100,037