Net Income Per Common Share (Tables)

9 Months Ended

Oct. 01, 2022

Earnings Per Share [Abstract]

Calculation of EPS and Reconciliation of Weighted Average Common Shares Used in Calculation of Basic and Diluted EPS

The table below presents the calculation of EPS and a reconciliation of weighted average common shares used in the calculation of basic and diluted EPS:

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
	2022			2021			2022			2021
	(in thousands, except per share amounts)
Net income (loss)	$	30,414		$	(5,140	)	$	90,705		$	18,368
Less: Net income attributable to RNCI		(373	)		(677	)		(1,334	)		(1,656	)
Net income (loss) attributable to the Company		30,041			(5,817	)		89,371			16,712
Decrease (increase) in redemption value of RNCI		271			(965	)		(1,514	)		(4,528	)
Net income (loss) attributable to common shareholders	$	30,312		$	(6,782	)	$	87,857		$	12,184
Weighted-average number of common shares outstanding - Basic		59,964			59,590			59,908			59,475
Add: Dilutive shares from equity plans		438			—			293			560
Weighted-average number of common shares outstanding - Diluted		60,402			59,590			60,201			60,035
Net income (loss) per common share attributable to common shareholders:
Basic	$	0.51		$	(0.11	)	$	1.47		$	0.20
Diluted	$	0.50		$	(0.11	)	$	1.46		$	0.20