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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 27, 2022
Earnings Per Share |
Schedule of Earnings (Loss) Per Share, Basic and Diluted | ​ The calculations of basic and diluted earnings per common share are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 27, | ​ | March 28,
​ | ​ | 2022 |  | 2021
Basic earnings per common share (in thousands, except per share data) | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to the Company | ​ | $ | 10,494 | ​ | $ | 33,883
Dividends paid to participating securities | ​ | ​ | (60) | ​ | ​ | (3,527)
Net income attributable to participating securities | ​ |  | — | ​ |  | (3,243)
Net income attributable to common shareholders | ​ | $ | 10,434 | ​ | $ | 27,113
​ | ​ | ​ | ​ | ​ | ​ | ​
Basic weighted average common shares outstanding | ​ |  | 35,927 | ​ |  | 32,756
Basic earnings per common share | ​ | $ | 0.29 | ​ | $ | 0.83
​ | ​ | ​ | ​ | ​ | ​ | ​
Diluted earnings per common share (in thousands, except per share data) | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to common shareholders | ​ | $ | 10,434 | ​ | $ | 27,113
​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average common shares outstanding | ​ |  | 35,927 | ​ |  | 32,756
Dilutive effect of outstanding equity awards (a) | ​ |  | 309 | ​ |  | 334
Diluted weighted average common shares outstanding (b) | ​ |  | 36,236 | ​ |  | 33,090
Diluted earnings per common share | ​ | $ | 0.29 | ​ | $ | 0.82
(a) | Excludes 21,000 and 18,000 equity awards for the three months ended March 27, 2022 and March 28, 2021, respectively, as the effect of including such awards would have been anti-dilutive.
(b) | The Company had 252,500 shares of Series B Preferred Stock outstanding at March 28, 2021 (none at March 27, 2022). For the fully diluted calculation, the Series B Preferred stock dividends were added back to net income attributable to common shareholders. The Company then applied the if-converted method to calculate dilution on the Series B Preferred Stock, which resulted in 5.0 million additional common shares for March 28, 2021. This calculation was anti-dilutive and as such was excluded.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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