EARNINGS (LOSS) PER SHARE (Tables)

6 Months Ended

Jul. 03, 2022

The following tables reconciles the numerators and denominators used in the computations of both basic and diluted earnings per share:


(in thousands, except share data)	Thirteen weeks ended July 3, 2022		Thirteen weeks ended July 4, 2021
Basic earnings per share:
Numerator:
Net income attributable to controlling interest	$	3,179	$	17,579
Dividends and income related to participating stock-based compensation awards	(31)		(384)
Net income attributable to common stockholders	$	3,148	$	17,195
Denominator:
Weighted average Class A Common Stock shares, basic and diluted	80,171,174		76,500,488
Basic earnings per share	$	0.04	$	0.22
Diluted earnings per share:
Numerator:
Net income attributable to common stockholders	$	3,179	$	17,579
Dividends and income related to participating stock-based compensation awards	(31)		(384)
Net income attributable to common stockholders	$	3,148	$	17,195
Denominator:
Weighted average Class A Common Stock shares, basic	80,171,174		76,500,488
Dilutive securities included in diluted earnings per share calculation:
Warrants	1,237,761		3,870,564
RSUs	56,544		983,648
PSUs	45,457		142,541
Stock options	—		234,815
Total diluted weighted average shares	81,510,936		81,732,056
Diluted earnings per share	$	0.04	$	0.21
Class V Common Stock not subject to earnings per share calculation	59,349,000		60,349,000
Net loss attributable to noncontrolling interest	$	634	$	1,400


(in thousands, except share data)	Twenty-six weeks ended July 3, 2022		Twenty-six weeks ended July 4, 2021
Basic and diluted earnings per share:
Numerator:
Net loss attributable to controlling interest	$	(14,391)	$	(4,950)
Dividends related to participating stock-based compensation awards	(88)		(170)
Net loss attributable to common stockholders	$	(14,479)	$	(5,120)
Denominator:
Weighted average Class A Common Stock shares, basic	79,371,789		76,213,746
Basic and diluted earnings (loss) per share	$	(0.18)	$	(0.07)
Anti-dilutive securities excluded from diluted earnings per share calculation:
Warrants	1,591,764		3,955,978
RSUs	56,976		1,348,026
PSUs	42,507		142,541
Stock options	—		230,542
Total	1,691,247		5,677,087
Class V Common Stock not subject to earnings per share calculation	59,349,000		60,349,000
Net loss attributable to noncontrolling interest	$	(14,962)	$	(2,220)