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(Loss) Earnings per Share

3 Months Ended

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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- References

No definition available.

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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

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