Net Income/(Loss) Per Share (Tables)

3 Months Ended

Mar. 29, 2022

Net Income/(Loss) Per Share

Schedule of basic and diluted net income per share

	Thirteen		Thirteen
	Weeks Ended		Weeks Ended
	March 29, 2022		March 30, 2021
	(In thousands, except per share data)
Basic net income/(loss) per common share:
Net income	$	23,163	$	3,868
Dividends on Series A preferred stock		—		(5,070)
Net income/(loss) available to common stockholders		23,163		(1,202)
Basic weighted-average shares outstanding		50,333		44,189
Basic net income/(loss) per common share	$	0.46	$	(0.03)
Diluted net income/(loss) per common share:
Net income/(loss) available to common stockholders	$	23,163	$	(1,202)
Reallocation of undistributed earnings to Series A preferred stock		—		—
Net income/(loss) available to common stockholders for diluted EPS		23,163		(1,202)
Basic weighted-average shares outstanding		50,333		44,189
Dilutive effect of equity awards (1)		680		—
Diluted weighted-average shares outstanding		51,013		44,189
Diluted net income/(loss) per common share	$	0.45	$	(0.03)

(1) Shares of common stock equivalents related to outstanding stock options and restricted stock of 2.9 million and 1.5 million as of March 29, 2022 and March 30, 2021, respectively, were excluded from the diluted calculation due to their anti-dilutive effect. No shares of common stock equivalents related to the Notes were included in the diluted calculation due to their anti-dilutive effect.