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(Loss) Earnings per Share | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
(Loss) Earnings per Share | (LOSS) EARNINGS PER SHARE Basic earnings per share (EPS) is computed by dividing net income, or loss, by the weighted average number of common shares outstanding for the period. Diluted EPS reflects potential dilution that could occur if securities to issue common stock were exercised or converted into common stock. Diluted EPS includes the dilutive effect of stock-based compensation outstanding after application of the treasury stock method.
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  |  |  |
(In thousands, except per share data) |  | 2023 |  | 2022 |  |  |  |
Net (loss) income |  | $ | (17,480) |  |  | $ | 2,855 |  |  |  |  |
Weighted average common shares outstanding |  | 30,927 |  |  | 11,759 |  |  |  |  |
Add: Dilutive impact of stock options |  | — |  |  | 27 |  |  |  |  |
Add: Dilutive impact of restricted stock units |  | — |  |  | 116 |  |  |  |  |
Diluted weighted average common shares outstanding |  | 30,927 |  |  | 11,902 |  |  |  |  |
(Loss) earnings per share |  |  |  |  |  |  |  |
Basic |  | $ | (0.57) |  |  | $ | 0.24 |  |  |  |  |
Diluted |  | $ | (0.57) |  |  | $ | 0.24 |  |  |  |  |
The following table summarizes the weighted average of anti-dilutive securities excluded from the diluted earnings per share calculation.
|  | Three Months Ended |  |
|  | March 31, |  | April 1, |  |  |  |
(In thousands) |  | 2023 |  | 2022 |  |  |  |
Anti-dilutive restricted stock units |  | — |  |  | 5 |  |  |  |  |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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