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Earnings (Loss) Per Share | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share [Text Block] | 17. Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):
|  | December 31, 2022 |  |  | January 1, 2022 |  |  | January 2, 2021 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |
Numerator for basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Loss from continuing operations | $ | (9,518 | ) | $ | (1,172 | ) | $ | (42,392 | )
Less: dividends and accretion on preferred stock |  | (3,109 | ) |  | (4,197 | ) |  | (10,328 | )
Loss from continuing operations attributable to common |  |  |  |  |  |  |  |  |
shareholders |  | (12,627 | ) |  | (5,369 | ) |  | (52,720 | )
Earnings from discontinued operations |  | 4,677 |  |  | - |  |  | 124,820 |
Earnings (loss) attributable to common shareholders | $ | (7,950 | ) | $ | (5,369 | ) | $ | 72,100 |
Denominator for basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic weighted-average number of shares outstanding |  | 107,659 |  |  | 104,098 |  |  | 89,234 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |
Loss from continuing operations | $ | (0.12 | ) | $ | (0.05 | ) | $ | (0.59 | )
Earnings from discontinued operations |  | 0.04 |  |  | - |  |  | 1.40 |
Earnings (loss) attributable to common shareholders(1) | $ | (0.07 | ) | $ | (0.05 | ) | $ | 0.81 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |
Numerator for diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Loss from continuing operations | $ | (9,518 | ) | $ | (1,172 | ) | $ | (42,392 | )
Less: dividends and accretion on preferred stock |  | (3,109 | ) |  | (4,197 | ) |  | (10,328 | )
Loss from continuing operations attributable to common shareholders |  | (12,627 | ) |  | (5,369 | ) |  | (52,720 | )
Earnings from discontinued operations |  | 4,677 |  |  | - |  |  | 124,820 |
Earnings (loss) attributable to common shareholders | $ | (7,950 | ) | $ | (5,369 | ) | $ | 72,100 |
Denominator for diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Basic weighted-average number of shares outstanding |  | 107,659 |  |  | 104,098 |  |  | 89,234 |
Dilutive effect of the following: |  |  |  |  |  |  |  |  |
Stock options and restricted stock units(2) |  | - |  |  | - |  |  | - |
Series B-1 Preferred Stock(3) |  | - |  |  | - |  |  | - |
Series A Preferred Stock(4) |  | - |  |  | - |  |  | - |
Diluted weighted-average number of shares outstanding |  | 107,659 |  |  | 104,098 |  |  | 89,234 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |
Loss from continuing operations | $ | (0.12 | ) | $ | (0.05 | ) | $ | (0.59 | )
Earnings from discontinued operations |  | 0.04 |  |  | - |  |  | 1.40 |
Earnings (loss) attributable to common shareholders(1) | $ | (0.07 | ) | $ | (0.05 | ) | $ | 0.81 |
(1) The sum of the individual per share amounts may not add due to rounding. (2) For the years ended December 31, 2022, January 1, 2022 and January 2, 2021, 2,587,501, 2,889,014 and 2,305,630 potential common shares, respectively, 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, RSUs, and certain contingently issuable PSUs. In addition, for the years ended December 31, 2022, January 1, 2022 and January 2, 2021, stock options and RSUs to purchase or receive 2,427,146, 347,236 and 1,913,751 potential common shares, respectively, were anti-dilutive because the assumed proceeds exceeded the average market price of the Common Shares for the respective periods. (3) For the years ended December 31, 2022, January 1, 2022 and 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 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 the approximately 12,178,667 Common Shares issuable on an if-converted basis as at December 31, 2022, January 1, 2022 and January 2, 2021. (4) As described in note 12, 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 as at February 22, 2021. For the year ended January 2, 2021, 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 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 issuable on an if-converted basis as at January 2, 2021.

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