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Net Loss per Share | 9 Months Ended
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Jun. 29, 2024
Earnings Per Share [Abstract] |
Net Loss per Share | Net Loss per Share Basic earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net loss attributable to common shareholders adjusted for the assumed exchange of all potentially dilutive securities, by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive elements. Since the Company incurred net losses for each of the periods presented, diluted net loss per share is the same as basic net loss per share. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock (in thousands, except per share information):
| Three Months Ended |  | Nine Months Ended
| June 29, 2024 |  | June 24, 2023 |  | June 29, 2024 |  | June 24, 2023
Numerator - basic and diluted |  |  |  |  |  |  |
Net loss | $ | (14,204) |  |  | $ | (39,077) |  |  | $ | (68,123) |  |  | $ | (162,479) |
Less: Net loss attributable to the noncontrolling interest | (11,716) |  |  | (34,730) |  |  | (57,127) |  |  | (144,821) |
Net loss attributable to common stockholders | $ | (2,488) |  |  | $ | (4,347) |  |  | $ | (10,996) |  |  | $ | (17,658) |
Denominator - basic and diluted |  |  |  |  |  |  |
Weighted-average shares of Class A common shares outstanding | 102,414,284 |  | 61,782,886 |  | 92,891,276 |  | 60,160,039
Loss per share of Class A common stock - basic and diluted | $ | (0.02) |  |  | $ | (0.07) |  |  | $ | (0.12) |  |  | $ | (0.29) |
The Company’s Class V-1 Common Stock and Class V-3 Common Stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class V-1 Common Stock and Class V-3 Common Stock under the two-class method has not been presented. The Company uses the treasury stock method and the average market price per share during the period for calculating any potential dilutive effect of the restricted stock units (“RSUs”), 2022 Employee Stock Purchase Plan (the “ESPP”) and Warrant Units (defined below). The average stock price for the three and nine months ended June 29, 2024 was $40.46 and $42.69, respectively. For the three months ended June 29, 2024, there were 6.1 million potentially dilutive common stock equivalents related to the RSUs. For the nine months ended June 29, 2024, there were 6.5 million and 0.2 million potentially dilutive common stock equivalents related to the RSUs and Warrant Units, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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