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Earnings (Loss) Per Share | 12 Months Ended
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Jan. 02, 2021
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share [Text Block] | 20. Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):
|  | January 2, 2021 | December 28, 2019 | December 29, 2018
Basic Earnings (Loss) Per Share |  |  |  |  |  |
Numerator for basic earnings (loss) per share: |  |  |  |  |  |
| Loss from continuing operations | $ | (47,302) | $ | (13,080) | $ | (127,470)
| Less: dividends and accretion on Series A Preferred Stock |  | (8,319) |  | (8,022) |  | (7,909)
| Less: dividends and accretion on Series B-1 Preferred Stock |  | (2,009) |  | — |  | —
| Loss from continuing operations attributable to common shareholders |  | (57,630) |  | (21,102) |  | (135,379)
| Earnings from discontinued operations |  | 124,820 |  | 12,322 |  | 18,265
| Earnings (loss) attributable to common shareholders | $ | 67,190 | $ | (8,780) | $ | (117,114)
Denominator for basic earnings (loss) per share: |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 89,234 |  | 87,787 |  | 87,082
Basic earnings (loss) per share: |  |  |  |  |  |
| From continuing operations | $ | (0.65) | $ | (0.24) | $ | (1.55)
| From discontinued operations |  | 1.40 |  | 0.14 |  | 0.21
| Basic earnings (loss) per share | $ | 0.75 | $ | (0.10) | $ | (1.34)
Diluted Earnings (Loss) Per Share |  |  |  |  |  |
Numerator for diluted earnings (loss) per share: |  |  |  |  |  |
| Loss from continuing operations | $ | (47,302) | $ | (13,080) | $ | (127,470)
| Less: dividends and accretion on Series A Preferred Stock |  | (8,319) |  | (8,022) |  | (7,909)
| Less: dividends and accretion on Series B-1 Preferred Stock |  | (2,009) |  | — |  | —
| Loss from continuing operations attributable to common shareholders |  | (57,630) |  | (21,102) |  | (135,379)
| Earnings from discontinued operations |  | 124,820 |  | 12,322 |  | 18,265
| Earnings (loss) attributable to common shareholders | $ | 67,190 | $ | (8,780) | $ | (117,114)
Denominator for diluted earnings (loss) per share: |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 89,234 |  | 87,787 |  | 87,082
| Dilutive effect of the following: |  |  |  |  |  |
| Stock options and restricted stock units (1) |  | — |  | — |  | —
| Series B-1 Preferred Stock (2) |  | — |  | — |  | —
| Series A Preferred Stock (3) |  | — |  | — |  | —
| Diluted weighted-average number of shares outstanding |  | 89,234 |  | 87,787 |  | 87,082
Diluted earnings (loss) per share: |  |  |  |  |  |
| From continuing operations | $ | (0.65) | $ | (0.24) | $ | (1.55)
| From discontinued operations |  | 1.40 |  | 0.14 |  | 0.21
| Diluted earnings (loss) per share | $ | 0.75 | $ | (0.10) | $ | (1.34)
(1) For the years ended January 2, 2021, December 28, 2019 and December 29, 2018, stock options and RSUs to purchase or receive 2,305,630, 370,670 and 452,316 Common Shares, respectively, were excluded from the calculation of diluted earnings (loss) per share due to their anti-dilutive effect of reducing the loss per share from continuing operations. In addition, for the years ended January 2, 2021, December 28, 2019 and December 29, 2018, options to purchase 1,913,751, 3,528,899 and 2,384,249 Common Shares, respectively, were anti-dilutive because the exercise prices of these options were greater than the average market price for the respective periods. (2) For the year ended January 2, 2021, it was more dilutive to the loss per share from continuing operations to assume the Series B-1 Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings (loss) per share calculation was not adjusted to add back the dividends and accretion on the Series B-1 Preferred Stock and the denominator was not adjusted to include 12,178,667 Common Shares issuable on an if-converted basis as at January 2, 2021. (3) For the years ended January 2, 2021, December 28, 2019 and December 29, 2018, it was more dilutive to the loss per share from continuing operations to assume the Series A Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings (loss) per share calculation was not adjusted to add back the dividends and accretion on the Series A Preferred Stock and the denominator was not adjusted to include 12,633,427, 11,333,333 and 11,333,333 Common Shares issuable on an if-converted basis as at January 2, 2021, December 28, 2019 and December 29, 2018, respectively. On February 22, 2021, Oaktree exchanged all of their shares of Series A Preferred Stock for 12,633,427 Common Shares, representing 12.3% of the Company's issued and outstanding Common Shares on a post-exchange basis (see note 25).

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