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Earnings (Loss) Per Share | 3 Months Ended
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Apr. 03, 2021
Earnings Per Share [Abstract] |
Loss Per Share [Text Block] | 9. Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):
|  |  | Quarter ended |
|  |  | April 3, 2021 |  |  | March 28, 2020 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |
Numerator for basic earnings (loss) per share: |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | 1,672 |  | $ | (3,964 | )
| Less: dividends and accretion on Series A Preferred Stock |  | (1,212 | ) |  | (2,025 | )
| Less: dividends and accretion on Series B-1 Preferred Stock |  | (741 | ) |  | — |
| Loss from continuing operations attributable to common shareholders |  | (281 | ) |  | (5,989 | )
| Earnings from discontinued operations |  | — |  |  | 7,325 |
| Earnings (loss) attributable to common shareholders | $ | (281 | ) | $ | 1,336 |
Denominator for basic earnings (loss) per share: |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 96,120 |  |  | 88,161 |
Basic earnings (loss) per share: |  |  |  |  |  |
| From continuing operations | $ | (0.00 | ) | $ | (0.07 | )
| From discontinued operations |  | — |  |  | 0.08 |
| Basic earnings (loss) per share | $ | (0.00 | ) | $ | 0.02 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |
Numerator for diluted earnings (loss) per share: |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | 1,672 |  | $ | (3,964 | )
| Less: dividends and accretion on Series A Preferred Stock |  | (1,212 | ) |  | (2,025 | )
| Less: dividends and accretion on Series B-1 Preferred Stock |  | (741 | ) |  | — |
| Loss from continuing operations attributable to common |  |  |  |  |  |
| shareholders |  | (281 | ) |  | (5,989 | )
| Earnings from discontinued operations |  | — |  |  | 7,325 |
| Earnings (loss) attributable to common shareholders | $ | (281 | ) | $ | 1,336 |
Denominator for diluted earnings (loss) per share: |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 96,120 |  |  | 88,161 |
| Dilutive effect of the following: |  |  |  |  |  |
| Stock options, restricted stock units and performance share units(1) |  | — |  |  | — |
| Series B-1 Preferred Stock(2) |  | — |  |  | — |
| Series A Preferred Stock(3) |  | — |  |  | — |
| Diluted weighted-average number of shares outstanding |  | 96,120 |  |  | 88,161 |
Diluted earnings (loss) per share: |  |  |  |  |  |
| From continuing operations | $ | (0.00 | ) | $ | (0.07 | )
| From discontinued operations |  | — |  |  | 0.08 |
| Diluted earnings (loss) per share | $ | (0.00 | ) | $ | 0.02 |
(1) For the quarter ended April 3, 2021, 5,764,548 (March 28, 2020 - 1,136,162) potential common shares were excluded from the calculation of diluted loss per share due to their effect of reducing the loss per share from continuing operations. Dilutive potential common shares consist of stock options, restricted stock units ("RSUs"), and certain contingently issuable performance share units. In addition, for the quarter ended April 3, 2021, stock options and RSUs to purchase or receive 92,161 (March 28, 2020 - 3,458,424) potential common shares were anti-dilutive because the assumed proceeds exceeded the average market price of the Common Shares for the respective periods. (2) For the quarter ended April 3, 2021, it was more dilutive to assume the Series B-1 Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings 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 April 3, 2021. (3) As described in note 7, on February 22, 2021, all shares of Series A Preferred Stock were exchanged for 12,633,427 Common Shares, representing 12.3% of the Company's issued and outstanding Common Shares on a post-exchange basis. For the quarter ended March 28, 2020, it was more dilutive to assume the Series A Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings 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 11,333,333 Common Shares issuable on an if-converted basis as at March 28, 2020.

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