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Net Income (Loss) per Share (Tables) | 3 Months Ended
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Mar. 30, 2024
Earnings Per Share [Abstract] |
Computation of Net Income (Loss) per Share, Basic | The following table sets forth the computation of basic net income (loss) per share using the two-class method:
|  | Thirteen weeks ended |
|  | March 30, 2024 |  |  | April 1, 2023 |
|  | (in thousands, except per share data) |
Net income (loss) |  | $ | 12,597 |  |  | $ | (8,956 | )
Allocation of net income (loss) for basic: |  |  |  |  |  |
Class A Common Stock |  | $ | 10,409 |  |  | $ | (7,434 | )
Class B Common Stock |  |  | 2,162 |  |  |  | (1,505 | )
Unvested participating shares |  |  | 26 |  |  |  | (17 | )
|  | $ | 12,597 |  |  | $ | (8,956 | )
Weighted average number of shares for basic: |  |  |  |  |  |
Class A Common Stock |  |  | 9,960 |  |  |  | 10,218 |
Class B Common Stock |  |  | 2,068 |  |  |  | 2,068 |
Unvested participating shares |  |  | 26 |  |  |  | 23 |
|  |  | 12,054 |  |  |  | 12,309 |
Net income (loss) per share for basic: |  |  |  |  |  |
Class A Common Stock |  | $ | 1.05 |  |  | $ | (0.73 | )
Class B Common Stock |  | $ | 1.05 |  |  | $ | (0.73 | )
Computation of Net Income (Loss) per Share, Diluted | The following table sets forth the computations of diluted net income (loss) per share, assuming the conversion of all Class B Common Stock into Class A Common Stock for the thirteen w eeks ended March 30, 2024 and for the thirteen weeks ended April 1, 2023:
|  | Thirteen weeks ended |
|  | March 30, 2024 |  |  | April 1, 2023 |
|  | Earnings to Common Shareholders |  |  | Common Shares |  |  | EPS |  |  | Earnings to Common Shareholders |  |  | Common Shares |  |  | EPS |
|  | (in thousands, except per share data) |
As reported - basic |  | $ | 10,409 |  |  |  | 9,960 |  |  | $ | 1.05 |  |  | $ | (7,434 | ) |  |  | 10,218 |  |  | $ | (0.73 | )
Add: effect of dilutive common shares |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Share-based awards |  |  | — |  |  |  | 27 |  |  |  |  |  |  | — |  |  |  | — |  |  |  |
Class B Common Stock |  |  | 2,162 |  |  |  | 2,068 |  |  |  |  |  |  | (1,505 | ) |  |  | 2,068 |  |  |  |
Net effect of unvested participating shares |  |  | — |  |  |  | — |  |  |  |  |  |  | (17 | ) |  |  | 23 |  |  |  |
Net income (loss) per common share - diluted |  | $ | 12,571 |  |  |  | 12,055 |  |  | $ | 1.04 |  |  | $ | (8,956 | ) |  |  | 12,309 |  |  | $ | (0.73 | )

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