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Net Income (Loss) per Share (Tables)

9 Months Ended

Sep. 24, 2022

Earnings Per Share [Abstract]

Computation of Basic Net Income (Loss) Per Share

The following table sets forth the computation of basic net income (loss) per share using the two-class method:

		Thirteen weeks ended								Thirty-nine weeks ended
		September 24, 2022				September 25, 2021				September 24, 2022				September 25, 2021
		(in thousands, except per share data)								(in thousands, except per share data)
Net income (loss)		$	27,286			$	(58,421	)		$	78,680			$	66,338
Allocation of net income (loss) for basic:
Class A Common Stock		$	22,647			$	(48,356	)		$	65,276			$	54,586
Class B Common Stock			4,580				(9,885	)			13,214				11,502
Unvested participating shares			59				(180	)			190				250
		$	27,286			$	(58,421	)		$	78,680			$	66,338
Weighted average number of shares for basic:
Class A Common Stock			10,226				10,166				10,216				10,103
Class B Common Stock*			2,068				2,078				2,068				2,129
Unvested participating shares			27				38				29				47
			12,321				12,282				12,313				12,279
Net income (loss) per share for basic:
Class A Common Stock		$	2.21			$	(4.76	)		$	6.39			$	5.40
Class B Common Stock		$	2.21			$	(4.76	)		$	6.39			$	5.40

*The reduction in Class B Common Stock resulted from the conversion to Class A Common stock during fiscal 2021.

Computation of Diluted Net Income (Loss) Per Share

The following table sets forth the computation of diluted net income (loss) per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen and thirty-nine weeks ended September 24, 2022 and for the thirteen and thirty-nine weeks ended September 25, 2021:

		Thirteen weeks ended
		September 24, 2022												September 25, 2021
		Earnings to Common Shareholders				Common Shares				EPS				Loss to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	22,647				10,226			$	2.21			$	(48,356	)			10,166			$	(4.76	)
Add: effect of dilutive common    shares
Share-based awards			—				50								—				—
Class B Common Stock			4,580				2,068								(9,885	)			2,078
Net effect of unvested participating    shares			—				—								(180	)			38
Net income (loss) per common share -    diluted		$	27,227				12,344			$	2.21			$	(58,421	)			12,282			$	(4.76	)
		Thirty-nine weeks ended
		September 24, 2022												September 25, 2021
		Earnings to Common Shareholders				Common Shares				EPS				Earnings to Common Shareholders				Common Shares				EPS
		(in thousands, except per share data)
As reported - basic		$	65,276				10,216			$	6.39			$	54,586				10,103			$	5.40
Add: effect of dilutive common    shares
Share-based awards			—				58								—				151
Class B Common Stock			13,214				2,068								11,502				2,129
Net effect of unvested participating    shares			2				—								250				67
Net income per common share -    diluted		$	78,492				12,342			$	6.36			$	66,338				12,450			$	5.33

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Tabular disclosure of the effect of income (loss) on basic earnings per share.

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