XML 48 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1

EARNINGS PER SHARE (Tables)

6 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration