XML 21 R9.htm IDEA: XBRL DOCUMENT
v3.24.3

Net Income per Share | 9 Months Ended
--- | ---
Sep. 27, 2024
Earnings Per Share [Abstract] |
Net Income per Share | Net Income per Share Basic net income per share is calculated by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share adjusts basic net income per share for all the potentially dilutive shares outstanding during the period. The following table sets forth the computation of basic and diluted net income per common share:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023
Net income per share: |  |  |  |  |  |  |
Basic | $ | 0.37 |  |  | $ | 0.19 |  |  | $ | 0.83 |  |  | $ | 0.49 |
Diluted | $ | 0.34 |  |  | $ | 0.19 |  |  | $ | 0.77 |  |  | $ | 0.49 |
Weighted average common shares: |  |  |  |  |  |  |
Basic | 37,863,580 |  |  | 37,692,588 |  |  | 37,868,675 |  |  | 37,611,179 |
Diluted | 45,941,315 |  |  | 45,717,496 |  |  | 45,888,029 |  |  | 39,143,774 |
Reconciliation of net income per common share:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023
Numerator: |  |  |  |  |  |  |
Net income | $ | 14,098 |  |  | $ | 7,322 |  |  | $ | 31,553 |  |  | $ | 18,590 |
Add effect of dilutive securities |  |  |  |  |  |  |
Interest on convertible notes, net of tax | 1,322 |  |  | 1,369 |  |  | 3,950 |  |  | 403 |
Net income available to common shareholders | $ | 15,420 |  |  | $ | 8,691 |  |  | $ | 35,503 |  |  | $ | 18,993 |
Denominator: |  |  |  |  |  |  |
Weighted average basic common shares outstanding | 37,863,580 |  |  | 37,692,588 |  |  | 37,868,675 |  |  | 37,611,179 |
Dilutive effect of unvested common shares | 621,999 |  |  | 594,416 |  |  | 570,736 |  |  | 580,675 |
Dilutive effect of stock options and warrants | 62,919 |  |  | 37,675 |  |  | 55,801 |  |  | 54,073 |
Dilutive effect of convertible notes | 7,392,817 |  |  | 7,392,817 |  |  | 7,392,817 |  |  | 897,847 |
Weighted average diluted common shares outstanding | 45,941,315 |  |  | 45,717,496 |  |  | 45,888,029 |  |  | 39,143,774 |
Potentially dilutive securities that have been excluded from the calculation of diluted net income per common share because the effect is anti-dilutive are as follows:
| Thirteen Weeks Ended |  | Thirty-Nine Weeks Ended
| September 27, 2024 |  | September 29, 2023 |  | September 27, 2024 |  | September 29, 2023
Restricted share awards (“RSAs”) and restricted stock units (“RSUs”) | — |  |  | 292,778 |  |  | 322,518 |  |  | 37,236 |
Stock options and warrants | — |  |  | 300,000 |  |  | — |  |  | — |
Convertible notes | — |  |  | — |  |  | — |  |  | 6,494,970 |

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