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Earnings (Loss) Per Share | 6 Months Ended
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Jul. 01, 2023
Earnings (Loss) Per Share [Abstract] |
Earnings (Loss) Per Share [Text Block] | 10. Earnings (Loss) Per Share Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):
|  |  | Quarter ended |  |  | Two quarters ended |
|  |  | July 1, 2023 |  |  | July 2, 2022 |  |  | July 1, 2023 |  |  | July 2, 2022 |
Basic Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator for basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | (18,838 | ) | $ | 2,285 |  | $ | (17,461 | ) | $ | 3,287 |
| Less: dividends and accretion on preferred stock |  | (422 | ) |  | (760 | ) |  | (1,126 | ) |  | (1,515 | )
| Earnings (loss) from continuing operations attributable to common shareholders |  | (19,260 | ) |  | 1,525 |  |  | (18,587 | ) |  | 1,772 |
| Earnings (loss) from discontinued operations |  | - |  |  | (814 | ) |  | - |  |  | 2,752 |
| Earnings (loss) attributable to common shareholders | $ | (19,260 | ) | $ | 711 |  | $ | (18,587 | ) | $ | 4,524 |
Denominator for basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 115,471 |  |  | 107,622 |  |  | 112,743 |  |  | 107,510 |
Basic earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | (0.17 | ) | $ | 0.01 |  | $ | (0.16 | ) | $ | 0.02 |
| Earnings (loss) from discontinued operations |  | - |  |  | (0.01 | ) |  | - |  |  | 0.03 |
| Earnings (loss) attributable to common shareholders(1) | $ | (0.17 | ) | $ | 0.01 |  | $ | (0.16 | ) | $ | 0.04 |
Diluted Earnings (Loss) Per Share |  |  |  |  |  |  |  |  |  |  |  |
Numerator for diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | (18,838 | ) | $ | 2,285 |  | $ | (17,461 | ) | $ | 3,287 |
| Less: dividends and accretion on preferred stock |  | (422 | ) |  | (760 | ) |  | (1,126 | ) |  | (1,515 | )
| Earnings (loss) from continuing operations attributable to common shareholders |  | (19,260 | ) |  | 1,525 |  |  | (18,587 | ) |  | 1,772 |
| Earnings (loss) from discontinued operations |  | - |  |  | (814 | ) |  | - |  |  | 2,752 |
| Earnings (loss) attributable to common shareholders | $ | (19,260 | ) | $ | 711 |  | $ | (18,587 | ) | $ | 4,524 |
Denominator for diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Basic weighted-average number of shares outstanding |  | 115,471 |  |  | 107,622 |  |  | 112,743 |  |  | 107,510 |
| Dilutive effect of the following: |  |  |  |  |  |  |  |  |  |  |  |
| Stock options, restricted stock units and performance share units(2) |  | - |  |  | 1,045 |  |  | - |  |  | 985 |
| Series B-1 Preferred Stock(3) |  | - |  |  | - |  |  | - |  |  | - |
| Diluted weighted-average number of shares outstanding |  | 115,471 |  |  | 108,667 |  |  | 112,743 |  |  | 108,495 |
Diluted earnings (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |
| Earnings (loss) from continuing operations | $ | (0.17 | ) | $ | 0.01 |  | $ | (0.16 | ) | $ | 0.02 |
| Earnings (loss) from discontinued operations |  | - |  |  | (0.01 | ) |  | - |  |  | 0.03 |
| Earnings (loss) attributable to common shareholders(1) | $ | (0.17 | ) | $ | 0.01 |  | $ | (0.16 | ) | $ | 0.04 |
(1) The sum of the individual per share amounts may not add due to rounding. (2) For the quarter and two quarters ended July 1, 2023, 1,024,173 and 1,974,484 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. For the quarter and two quarters ended July 1, 2023, stock options and RSUs to purchase or receive 2,204,546 (July 2, 2022 - 2,544,112) and 2,192,755 (July 2, 2022 - 2,551,746) 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 quarter and two quarters ended July 1, 2023 and July 2, 2022, 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 the 6,089,333 and 12,178,667 Common Shares issuable on an if-converted basis as at July 1, 2023 and July 2, 2022, respectively.

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