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

3 Months Ended

Apr. 01, 2023

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
(in thousands)	April 1, 2023	April 2, 2022
Weighted average common shares outstanding - basic	159,726	160,928
Dilutive effect of Stock Options	367	—
Dilutive effect of Performance-based RSUs	205	—
Dilutive effect of Time-based RSUs	483	—
Weighted average common shares outstanding - diluted	160,781	160,928

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 income (loss) per common share for the periods indicated:

	For the Three Months Ended
(in thousands)	April 1, 2023	April 2, 2022
Stock Options	1,396	4,715
Performance-based RSUs 1	1,230	1,201
Time-based RSUs 2	—	887

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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.