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

12 Months Ended

Dec. 30, 2023

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

Set forth below is a reconciliation of the numerator and denominator for the diluted net income (loss) per common share computations for the periods indicated:


	For the Fiscal Year Ended
	December 30, 2023		December 31, 2022		January 1, 2022
Numerator (in millions):
Continuing operations	$	63.8	$	58.7	$	4.9
Discontinued operations	174.3		(29.1)		(8.1)
Net income (loss)	$	238.1	$	29.6	$	(3.2)
Basic Earnings Per Share
Denominator (in thousands):
Weighted-average common shares outstanding - basic	159,452		160,763		160,778
Basic Earnings Per Share:
Continuing operations	$	0.40	$	0.36	$	0.03
Discontinued operations	$	1.09	$	(0.18)	$	(0.05)
Net income (loss)	$	1.49	$	0.18	$	(0.02)
Diluted Earnings Per Share
Denominator (in thousands):
Weighted-average common shares outstanding - basic	159,452		160,763		160,778
Dilutive effect of Stock options	238		261		—
Dilutive effect of Performance-based RSUs	467		445		—
Dilutive effect of Time-based RSUs	462		416		—
Weighted-average common shares outstanding - diluted	160,619		161,885		160,778
Diluted Earnings Per Share:
Continued operations	$	0.40	$	0.36	$	0.03
Discontinued operations	$	1.08	$	(0.18)	$	(0.05)
Net income (loss)	$	1.48	$	0.18	$	(0.02)

Schedule 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 Fiscal Year Ended
(in thousands)	December 30, 2023	December 31, 2022	January 1, 2022
Stock options	2,138	2,838	4,855
Performance-based RSUs 1	1,469	979	1,524
Time-based RSUs 2	—	—	885

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

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