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Per Share Data
12 Months Ended
Dec. 30, 2023
Earnings Per Share [Abstract]  
Per Share Data
11.
Per Share Data

Basic (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted (net loss) earnings per share data for the fiscal years ended:

 

 

Fiscal Year Ended

 

 

 

December 30,

 

 

December 31,

 

 

January 1,

 

 

 

2023

 

 

2022

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net (loss) income

 

$

(112,255

)

 

$

(256,868

)

 

$

67,125

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

 

76,677

 

 

 

70,321

 

 

 

69,640

 

Effect of dilutive common stock equivalents

 

 

 

 

 

 

 

 

1,104

 

Weighted average diluted common shares outstanding

 

 

76,677

 

 

 

70,321

 

 

 

70,744

 

(Net loss) earnings per share

 

 

 

 

 

 

 

 

 

Basic

 

$

(1.46

)

 

$

(3.65

)

 

$

0.96

 

Diluted

 

$

(1.46

)

 

$

(3.65

)

 

$

0.95

 

 

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted (net loss) earnings per share was 9,113, 8,540 and 5,270 for the fiscal years ended December 30, 2023, December 31, 2022 and January 1, 2022, respectively.