XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.24.1.1.u2

EARNINGS (LOSS) PER SHARE | 4 Months Ended
--- | ---
Apr. 21, 2024
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is calculated by dividing net income (loss) by the weighted average shares outstanding during the period. Diluted earnings (loss) per share is calculated by adjusting the weighted average shares outstanding for the dilutive effect of outstanding equity awards for the period using the treasury-stock method. The following table sets forth the computation of earnings (loss) per common share:
|  |  | Sixteen Weeks Ended
(in thousands, except per share amounts) |  |  |  |  | April 21, 2024 |  | April 16, 2023
Net income (loss) |  |  |  |  | $ | 13,993 |  |  | $ | (2,141) |
Weighted-average shares outstanding: |  |  |  |  |  |  |
Basic |  |  |  |  | 113,972 |  |  | 1,647 |
Dilutive awards |  |  |  |  | 3,964 |  |  | — |
Diluted |  |  |  |  | 117,936 |  |  | 1,647
Earnings (loss) per common share: |  |  |  |  |  |  |
Basic |  |  |  |  | $ | 0.12 |  |  | $ | (1.30) |
Diluted |  |  |  |  | $ | 0.12 |  |  | $ | (1.30) |
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:
|  |  | Sixteen Weeks Ended
(in thousands) |  |  |  |  | April 21, 2024 |  | April 16, 2023
Options to purchase common stock |  |  |  |  | 4 |  |  | 2,067 |
Time-based vesting restricted stock units |  |  |  |  | 1 |  |  | 1,776 |
Preferred stock (as converted to common shares) |  |  |  |  | — |  |  | 95,204 |
Total common stock equivalents |  |  |  |  | 5 |  |  | 99,047 |
During the sixteen weeks ended April 16, 2023, the Company’s potentially dilutive securities have been excluded from the computation of diluted earnings per share as the effect would be anti-dilutive in a net loss position.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration