NET LOSS PER SHARE

6 Months Ended

Jun. 26, 2022

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