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Net Income Per Share
12 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Net Income Per Share

14. NET INCOME PER SHARE

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share:

 

 

 

Year Ended

 

 

 

December 31,

 

 

December 25,

 

 

December 27,

 

(In millions, except share amounts)

 

2021

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to UCT

 

$

119.5

 

 

$

77.6

 

 

$

(9.4

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computation — basic:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

43.5

 

 

 

40.2

 

 

 

39.5

 

Shares used in computation — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

43.5

 

 

 

40.2

 

 

 

39.5

 

Dilutive effect of common shares outstanding subject to repurchase

 

 

0.9

 

 

 

0.9

 

 

 

0.0

 

Shares used in computing diluted net income (loss) per share

 

 

44.4

 

 

 

41.1

 

 

 

39.5

 

Net income (loss) per share attributable to UCT — basic

 

$

2.75

 

 

$

1.93

 

 

$

(0.24

)

Net income (loss) per share attributable to UCT — diluted

 

$

2.69

 

 

$

1.89

 

 

$

(0.24

)