Common Shares and Net Loss per Common Share - (Tables)

3 Months Ended

Apr. 02, 2022

Earnings Per Share [Abstract]

Reconciliation of Numerator and Denominators of Basic and Diluted Net Income (Loss) Per Common Share

The components of weighted average basic and diluted shares outstanding are below:

	For the Three Months Ended
	April 2, 2022	April 3, 2021
Weighted average common shares outstanding - basic	160,928	160,634
Dilutive effect of Stock Options	—	—
Dilutive effect of Performance-based RSUs	—	—
Dilutive effect of Time-based RSUs	—	—
Weighted average common shares outstanding - diluted	160,928	160,634

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) Per Common Share

The following table summarizes anti-dilutive securities excluded from the computation of diluted net loss per common share for the periods indicated:

	For the Three Months Ended
(in thousands)	April 2, 2022	April 3, 2021
Stock Options	4,715	7,206
Performance-based RSUs 1	1,201	838
Time-based RSUs 2	887	485

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1     Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of performance targets for these awards.

2     Time-based RSUs represent the number of shares expected to be issued based on known employee retention information.