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Earnings Per Share
9 Months Ended 12 Months Ended
Sep. 26, 2021
Dec. 31, 2020
Earnings Per Share [Abstract]    
Earnings Per Share
11.
EARNINGS PER SHARE
The following table sets forth the calculation of basic and diluted earnings per share:
 
     For the thirteen weeks ended      For the thirty-nine weeks ended  
     September 26,
2021
     September 27,
2020
     September 26,
2021
     September 27,
2020
 
Numerator:
           
Net income
   $ (30,200    $ 13,543      $ (9,158    $ 30,904  
Denominator:
           
Weighted average common shares
     106,285,072        67,673,884        80,735,661        67,673,884  
Dilutive effect of potential common shares
     —          —          —          —    
  
 
 
    
 
 
    
 
 
    
 
 
 
Weighted average common shares assuming dilution
     106,285,072        67,673,884        80,735,661        67,673,884  
  
 
 
    
 
 
    
 
 
    
 
 
 
Earnings per share:
           
Basic
   $ (0.28    $ 0.20      $ (0.11    $ 0.46  
Diluted
   $ (0.28    $ 0.20      $ (0.11    $ 0.46  
The following outstanding shares of common stock equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.
 
     For the thirteen weeks ended      For the thirty-nine weeks ended  
     September 26,
2021
     September 27,
2020
     September 26,
2021
     September 27,
2020
 
Anti-dilutive shares excluded from calculation of diluted EPS:
        
Warrants
     14,666,644        —          14,666,644        —    
Stock options
     1,394,008        —          1,394,008        —    
Restricted stock units
     658,891        —          658,891        —    
Earn-out shares
     2,187,500        —          2,187,500        —    
  
 
 
    
 
 
    
 
 
    
 
 
 
Total anti-dilutive shares
     18,907,043        —          18,907,043        —    
  
 
 
    
 
 
    
 
 
    
 
 
 
9.
EARNINGS PER SHARE
The following table sets forth the calculation of basic and diluted earnings per share:
 
     2020      2019      2018  
Numerator:
        
Net income
   $ 32,857      $ 561      $ (30,613
Denominator:
        
Weighted average common shares
     67,673,884        67,673,884        67,673,884  
Dilutive effect of potential common shares
     —          —          —    
  
 
 
    
 
 
    
 
 
 
Weighted average common shares assuming dilution
     67,673,884        67,673,884        67,673,884  
  
 
 
    
 
 
    
 
 
 
Earnings per share:
        
Basic
   $ 0.49      $ 0.01      $ (0.45
Diluted
   $ 0.49      $ 0.01      $ (0.45