Earnings Per Share (Tables)

12 Months Ended

Jan. 02, 2021

Earnings Per Share [Abstract]

Schedule of Basic Earnings Per Share

The following table shows the calculation of basic income per share:  

	2020		2019		2018
Net income attributable to Summit Inc.	$	137,967	$	59,066	$	33,906
Weighted average shares of Class A stock outstanding
Add: Nonvested restricted stock awards of retirement eligible shares	212,443		—		—
Add: Weighted average shares of Class A stock outstanding	114,014,749		112,204,067		111,380,175
Weighted average basic shares outstanding	114,227,192		112,204,067		111,380,175
Basic earnings per share	$	1.21	$	0.53	$	0.30
Diluted net income attributable to Summit Inc.	$	137,967	$	59,066	$	33,906
Weighted average shares of Class A stock outstanding	114,014,749		112,204,067		111,380,175
Add: stock options	3,390		87,290		282,329
Add: warrants	—		4,206		25,049
Add: restricted stock units	520,871		342,620		459,280
Add: performance stock units	92,758		46,535		169,813
Weighted average dilutive shares outstanding	114,631,768		112,684,718		112,316,646
Diluted earnings per share	$	1.20	$	0.52	$	0.30

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:

	2020	2019	2018
Antidilutive shares:
LP Units	3,060,248	3,372,706	3,512,669
Warrants	100,037	—	—