5. Earnings Per Unit

6 Months Ended

Jun. 27, 2020

Earnings Per Share [Abstract]

Schedule of Income (Loss) Per Unit Calculation

(5)   Earnings Per Unit

     Under the LLC structure, earnings of the Company are to be allocated to unitholders based on their proportionate share of underlying equity. Earnings Per Unit (EPU) has been presented in the accompanying Statements of Operations and in the table that follows.

     Basic EPU excludes dilution and is computed by first allocating a portion of USPB’s net income or net loss to Class A units and the remainder is allocated to Class B units. For the thirteen and twenty-six week periods ended June 27, 2020 and June 29, 2019, 10% of USPB’s net income was allocated to the Class A’s and 90% to the Class B’s. The net income allocated to the Class A and Class B units were then divided by the weighted-average number of Class A and Class B units outstanding for the period to determine the basic EPU for each respective class of unit.

     Diluted EPU reflects the potential dilution that could occur to the extent that any outstanding dilutive Class A or Class B units were exercised. There are no potentially dilutive Class A or Class B units outstanding.

Income Per Unit Calculation	13 weeks ended				26 weeks ended
(thousands of dollars, except unit and per unit data)	June 27, 2020			June 29, 2019		June 27, 2020		June 29, 2019
	(unaudited)			(unaudited)		(unaudited)		(unaudited)
Basic and diluted earnings per unit:
Income attributable to USPB available to
unitholders (numerator)
Class A	$	10,120	$	2,475	$	11,338	$	3,529
Class B	$	91,084	$	22,273	$	102,042	$	31,757
Weighted average outstanding units (denominator)
Class A		735,385		735,385		735,385		735,385
Class B		755,385		755,385		755,385		755,385
Per unit amount
Class A	$	13.76	$	3.37	$	15.42	$	4.80
Class B	$	120.58	$	29.49	$	135.09	$	42.04