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EARNINGS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted Earnings per Share | The computations of basic and diluted earnings per share for the quarter and two quarters ended June 30, 2024 and June 25, 2023 are as follows (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Net income | $ | 8,530 |  |  | $ | 9,898 |  |  | $ | 13,874 |  |  | $ | 8,625 |
Net income attributable to non-controlling interests | 2,060 |  |  | 3,110 |  |  | 2,842 |  |  | 2,351 |
Net income attributable to Portillo's Inc. | $ | 6,470 |  |  | $ | 6,788 |  |  | $ | 11,032 |  |  | $ | 6,274 |
Shares: |  |  |  |  |  |  |
Weighted-average number of common shares outstanding-basic | 61,650 |  |  | 54,965 |  |  | 59,544 |  |  | 52,252 |
Dilutive share awards | 2,959 |  |  | 3,585 |  |  | 3,034 |  |  | 3,554 |
Weighted-average number of common shares outstanding-diluted | 64,609 |  |  | 58,550 |  |  | 62,578 |  |  | 55,806 |
Basic net income per share | $ | 0.10 |  |  | $ | 0.12 |  |  | $ | 0.19 |  |  | $ | 0.12 |
Diluted net income per share | $ | 0.10 |  |  | $ | 0.12 |  |  | $ | 0.18 |  |  | $ | 0.11 |
Schedule of Units Excluded from Calculation of Diluted Earnings per Share | The following shares were excluded from the calculation of diluted earnings per share because they would be antidilutive (in thousands):
| Quarter Ended |  | Two Quarters Ended
| June 30, 2024 |  | June 25, 2023 |  | June 30, 2024 |  | June 25, 2023
Shares subject to market performance conditions | 2,109 |  |  | 1,807 |  |  | 2,109 |  |  | 1,807 |
Shares that were antidilutive | 1,331 |  |  | 22 |  |  | 480 |  |  | 14 |
Total shares excluded from diluted net income per share | 3,440 |  |  | 1,829 |  |  | 2,589 |  |  | 1,821 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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