XML 29 R19.htm IDEA: XBRL DOCUMENT
v3.22.2

NET LOSS PER SHARE | 6 Months Ended
--- | ---
Jun. 26, 2022
Earnings Per Share [Abstract] |
NET LOSS PER SHARE | NET LOSS PER SHARE During the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting. As the liquidation and dividend rights were identical, the undistributed earnings were allocated on a proportionate basis and the resulting net loss per share attributable to common stockholders were, therefore, the same for both Class A and Class B common stock on an individual or combined basis. The following table sets forth the computation of net loss per common share:
| Thirteen weeks ended |  | Twenty-six weeks ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
(dollar amounts in thousands) |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net loss | $ | (40,033) |  |  | $ | (26,883) |  |  | $ | (89,233) |  |  | $ | (56,928) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares outstanding—basic and diluted | 109,679,467 |  |  | 17,359,717 |  |  | 109,575,841 |  |  | 17,162,245 |
Earnings per share—basic and diluted | $ | (0.36) |  |  | $ | (1.55) |  |  | $ | (0.81) |  |  | $ | (3.32) |
The Company’s potentially dilutive securities, which include preferred stock, time-based vesting restricted stock units, performance stock units, contingently issuable stock and options to purchase common stock, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:
| Thirteen weeks ended |  | Twenty-six weeks ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
Options to purchase common stock | 13,635,836 |  |  | 17,986,254 |  |  | 13,635,836 |  |  | 17,986,254 |
Preferred stock | — |  |  | 71,466,912 |  |  | — |  | — |  | 71,466,912 |
Time-based vesting restricted stock units | 2,617,084 |  |  | — |  |  | 2,617,084 |  |  | — |
Performance stock units | 6,621,428 |  |  | — |  |  | 6,621,428 |  |  | — |
Contingently issuable stock | 714,285 |  |  | — |  |  | 714,285 |  |  | — |
Total common stock equivalents | 23,588,633 |  |  | 89,453,166 |  |  | 23,588,633 |  |  | 89,453,166 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration