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Net Loss per Share

9 Months Ended

Oct. 02, 2022

Earnings Per Share [Abstract]

Net Loss per Share

Net Loss per Share

The following table presents the calculations of basic and diluted EPS:

			Quarter Ended												Three Quarters Ended
(in thousands, except per share amounts)			October 2, 2022						October 3, 2021						October 2, 2022						October 3, 2021
Net loss attributable to Krispy Kreme, Inc.			$	(13,056)					$	(5,659)					$	(12,903)					$	(25,862)
Adjustment to net loss attributable to common shareholders			—						(522)						(374)						(1,815)
Net loss attributable to common shareholders - Basic			$	(13,056)					$	(6,181)					$	(13,277)					$	(27,677)
Additional income attributed to noncontrolling interest due to subsidiary potential common shares			(76)						(88)						(174)						(237)
Net loss attributable to common shareholders - Diluted			$	(13,132)					$	(6,269)					$	(13,451)					$	(27,914)
Basic weighted average common shares outstanding			167,431						166,034						167,353						141,124
Dilutive effect of outstanding common stock options and RSUs			—						—						—						—
Diluted weighted average common shares outstanding			167,431						166,034						167,353						141,124
Loss per share attributable to common shareholders:
Basic			$	(0.08)					$	(0.04)					$	(0.08)					$	(0.20)
Diluted			$	(0.08)					$	(0.04)					$	(0.08)					$	(0.20)

Potential dilutive shares consist of unvested RSUs and stock options, calculated using the treasury stock method. The calculation of dilutive shares outstanding excludes certain unvested RSUs granted under certain subsidiaries’ executive ownership plans and long-term incentive plans, because their inclusion would have been antidilutive.

The following table summarizes the gross number of potential dilutive unvested RSUs excluded due to antidilution (unadjusted for the treasury stock method):

			Quarter Ended												Three Quarters Ended
(in thousands)			October 2, 2022						October 3, 2021						October 2, 2022						October 3, 2021
KKI			5,779						6,207						5,779						6,207
KKUK			60						—						2						—
Insomnia Cookies			10						—						3						—
KK Australia			—						—						—						—
KK Mexico			60						—						—						—

For the quarter and three quarters ended October 2, 2022, as well as the quarter and three quarters ended October 3, 2021, all 2.6 million time-vested stock options were excluded from the computation of diluted weighted average common shares outstanding based on application of the treasury stock method.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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