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Earnings Per Share
12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Earnings Per Share Earnings Per ShareBasic earnings per share (“EPS”) was computed by dividing net income (loss) by the number of weighted average shares of common stock outstanding during the period. Diluted EPS was calculated to give effect to all potentially issuable dilutive shares of common stock using the treasury stock method.
The reconciliation of basic to diluted weighted average shares outstanding is as follows:
 Years Ended
 December 31,
2022
January 1,
2022
January 2,
2021
Basic weighted average shares outstanding349,970 351,028 352,766 
Effect of potentially dilutive securities:
Stock options— 16 — 
Restricted stock units— 1,031 — 
Employee stock purchase plan and other— — 
Diluted weighted average shares outstanding349,970 352,078 352,766 
The following securities were excluded from the diluted earnings per share calculation because their effect would be anti-dilutive:
Years Ended
December 31,
2022
January 1,
2022
January 2,
2021
Stock options252 167 219 
Restricted stock units1,907 32 621 
Employee stock purchase plan and other— 
In 2022 and 2020, all potentially dilutive securities were excluded from the diluted earnings per share calculation because the Company incurred a net loss for these years and their inclusion would be anti-dilutive.