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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended
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Oct. 01, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of earnings (loss) per common share for the periods indicated:
| Twelve Weeks Ended |  | Forty Weeks Ended
(in thousands, except per share amounts) | October 1, 2023 |  | October 2, 2022 |  | October 1, 2023 |  | October 2, 2022
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | 6,833 |  |  | $ | (11,893) |  |  | $ | 11,231 |  |  | $ | (40,141) |
Denominator: |  |  |  |  |  |  |
Weighted average shares outstanding, basic | 113,584 |  |  | 1,327 |  |  | 43,244 |  |  | 1,314 |
Dilutive awards outstanding | 4,129 |  |  | — |  |  | 2,722 |  |  | — |
Weighted average shares outstanding, diluted | 117,713 |  | 1,327 |  | 45,966 |  | 1,314
Earnings (loss) per common share: |  |  |  |  |  |  |
Basic | $ | 0.06 |  |  | $ | (8.96) |  |  | $ | 0.26 |  |  | $ | (30.54) |
Diluted | $ | 0.06 |  |  | $ | (8.96) |  |  | $ | 0.24 |  |  | $ | (30.54) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted earnings (loss) per share as their impact would have been anti-dilutive for the periods indicated:
| Twelve Weeks Ended |  | Forty Weeks Ended
(in thousands) | October 1, 2023 |  | October 2, 2022 |  | October 1, 2023 |  | October 2, 2022
Stock options | — |  |  | 1,461 |  |  | — |  |  | 1,461 |
Restricted stock units | — |  |  | 765 |  |  | — |  |  | 765 |
Preferred stock (as converted to common shares) | — |  |  | 95,204 |  |  | — |  |  | 95,204 |
Total common stock equivalents | — |  |  | 97,430 |  |  | — |  |  | 97,430 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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