Net (Loss)/Income Per Share (Tables)

9 Months Ended

Sep. 29, 2020

Net (Loss)/Income Per Share

Schedule of basic and diluted net income per share

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	September 29, 2020		October 1, 2019		September 29, 2020		October 1, 2019
	(In thousands, except per share data)
Basic net (loss)/income per common share:
Net (loss)/income	$	(28,346)	$	16,090	$	(221,048)	$	78,584
Dividends on preferred stock		(4,838)		—		(8,532)		—
Direct and incremental preferred stock issuance costs		—		—		(10,257)		—
Net (loss)/income available to common stockholders		(33,184)		16,090		(239,837)		78,584
Basic weighted-average shares outstanding		43,900		43,682		43,849		44,034
Basic net (loss)/income per common share	$	(0.76)	$	0.37	$	(5.47)	$	1.78
Diluted net (loss)/income per common share:
Net (loss)/income available to common stockholders		(33,184)		16,090		(239,837)		78,584
Basic weighted-average shares outstanding		43,900		43,682		43,849		44,034
Dilutive effect of equity awards (1)		—		504		—		609
Diluted weighted-average shares outstanding		43,900		44,186		43,849		44,643
Diluted net (loss)/income per common share	$	(0.76)	$	0.36	$	(5.47)	$	1.76

(1) Shares of common stock equivalents of 4.0 million and 2.1 million as of September 29, 2020 and October 1, 2019, respectively, were excluded from the diluted calculation due to their anti-dilutive effect.