EARNINGS PER SHARE

12 Months Ended

Jan. 03, 2021

EARNINGS (LOSS) PER SHARE:

Reconciliation between basic and diluted earnings (loss) per share is as follows:


		2020		2019

Net earnings (loss) - basic and diluted		$	(225,282)	$	259,809

Basic earnings (loss) per share:
	Basic weighted average number of common shares outstanding	198,361		204,161
Basic earnings (loss) per share		$	(1.14)	$	1.27

Diluted earnings (loss) per share:
	Basic weighted average number of common shares outstanding	198,361		204,161
	Plus dilutive impact of stock options, Treasury RSUs, and common
	shares held in trust	—		448
	Diluted weighted average number of common shares outstanding	198,361		204,609
Diluted earnings (loss) per share		$	(1.14)	$	1.27

Excluded from the above calculation for the year ended January 3, 2021 are 3,519,127 stock options (2019 - 282,737) and 43,485 Treasury RSUs (2019 - 7,500) which were deemed to be anti-dilutive.