Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.23.2
Earnings Per Share
6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Earnings Per Share
Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include the dilutive effect of stock options and restricted stock awards and units. The following is a reconciliation of the basic and diluted earnings per share ("EPS") computations for both the numerator and denominator (in thousands, except per share data):
Thirteen weeks ended July 1, 2023 Twenty-six weeks ended July 1, 2023
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net income (loss) $ 4,545  194,644  $ 0.02  $ (4,587) 194,596  $ (0.02)
Dilutive effect of stock options and awards —  884  —  —  —  — 
Net income (loss) per diluted common share $ 4,545  195,528  $ 0.02  $ (4,587) 194,596  $ (0.02)
Thirteen weeks ended June 25, 2022 Twenty-six weeks ended June 25, 2022
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net Income $ 8,816  194,135  0.05  $ 6,929  194,071  $ 0.04 
Dilutive effect of stock options and awards —  2,551  —  —  1,861  — 
Net income per diluted common share $ 8,816  196,686  0.04  $ 6,929  195,932  $ 0.04 
Stock options and awards outstanding totaling 10,271 and 9,944 were excluded from the computation for the thirteen and twenty-six weeks ended July 1, 2023 and 1,492 and 1,803 for the thirteen and twenty-six weeks ended June 25, 2022, respectively, as they would have had an antidilutive effect under the treasury stock method.