Earnings Per Share (Tables)

12 Months Ended

Jan. 03, 2022

Reconciliation of Numerator and Denominator Used to Calculate Basic Earnings per Share and Diluted Earnings per Share from Continuing Operations

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

Effect of Shares of Common Stock, Excluded From Computation of Dilutive Earnings per Share

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