EARNINGS PER SHARE - (Tables)

9 Months Ended

Oct. 01, 2022

Earnings Per Share [Abstract]

Schedule of Basic Earnings Per Share

The following table shows the calculation of basic and diluted earnings per share:

	Three months ended				Nine months ended
	October 1, 2022		October 2, 2021		October 1, 2022		October 2, 2021
Net income attributable to Summit Inc.	$	86,489	$	74,204	$	242,310	$	108,346
Weighted average shares of Class A stock outstanding	117,774,592		118,272,955		118,216,997		117,040,207
Add: Nonvested restricted stock awards of retirement eligible shares	142,466		200,575		148,804		218,224
Weighted average shares outstanding	117,917,058		118,473,530		118,365,801		117,258,431
Basic earnings per share	$	0.73	$	0.63	$	2.05	$	0.92
Diluted net income attributable to Summit Inc.	$	86,489	$	74,204	$	242,310	$	108,346
Weighted average shares outstanding	117,917,058		118,272,955		118,365,801		117,040,207
Add: stock options	78,799		125,164		93,993		310,990
Add: warrants	10,790		14,405		12,202		17,573
Add: restricted stock units	279,684		680,980		485,174		812,702
Add: performance stock units	117,767		198,142		141,766		179,143
Weighted average dilutive shares outstanding	118,404,098		119,291,646		119,098,936		118,360,615
Diluted earnings per share	$	0.73	$	0.62	$	2.03	$	0.92

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Excluded from the above calculations were the shares noted below as they were antidilutive:

	Three months ended		Nine months ended
	October 1, 2022	October 2, 2021	October 1, 2022	October 2, 2021
Antidilutive shares:
LP Units	1,312,795	1,594,272	1,313,601	2,031,090