The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share from continuing operations for the years ended January 3, 2022, December 28, 2020 and December 30, 2019:

	For the Year Ended
	January 3, 2022		December 28, 2020			December 30, 2019
	(In thousands, except per share amounts)
Net income (loss) from continuing operations	$	54,414	$	(16,386	)	$	31,921

Basic weighted average shares		106,314		106,366			105,195
Dilutive effect of performance-based restricted stock units, restricted stock units and stock options		1,639		—			1,137
Dilutive effect of outstanding warrants		200		—			—
Diluted shares		108,153		106,366			106,332
Earnings (loss) per share:
Basic	$	0.51	$	(0.15	)	$	0.30
Diluted	$	0.50	$	(0.15	)	$	0.30

For the years ended January 3, 2022, December 28, 2020 and December 30, 2019, PRUs, RSUs and stock options to purchase 895, 433 and 730 shares of common stock, respectively, were not included in the computation of diluted earnings per share. The PRUs were not included in the computation of diluted earnings per share because the performance conditions had not been met at January 3, 2022, and for RSUs and stock options, the options’ exercise prices or the total expected proceeds under the treasury stock method was greater than the average market price of common shares during the applicable year and, as a result, the impact would be anti-dilutive.

The below is a summary of amounts convertible to common stock related to Convertible Senior Notes and related warrants:

	For the Year Ended
	January 3, 2022		December 28, 2020		December 30, 2019
	(In thousands)
Common stock related to Convertible Senior Notes		—		—		25,938
Warrants to purchase common stock		707		25,940		25,940

During the year ended December 28, 2020, the Company calculated the dilutive effect of Convertible Senior Notes using the treasury stock method because the Company repaid and settled the Convertible Senior Notes in cash. This change in policy from the if-converted method to treasury stock method was applied on a prospective basis. For the year ended December 28, 2020, the effect of shares of common stock related to the Company’s Convertible Senior Notes were not included in the computation of dilutive earnings per share as the impact would be anti-dilutive due to the net loss from continuing operations. For the year ended December 30, 2019, the effect of shares of common stock related to the Company’s Convertible Senior Notes, based on the if-converted method, were not included in the computation of dilutive earnings per share as the impact would be anti-dilutive.

Outstanding warrants for the years ended December 28, 2020 and December 30, 2019 to purchase common stock were not included in the computation of dilutive earnings per share because the strike price of the warrants to purchase the Company’s common stock were greater than the average market price of common shares during the applicable year, and therefore, the effect would be anti-dilutive.