EARNINGS PER SHARE - (Tables)

3 Months Ended

Apr. 02, 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
	April 2, 2022		April 3, 2021
Net loss attributable to Summit Inc.	$	(34,292)	$	(22,517)
Weighted average shares of Class A stock outstanding	118,777,341		115,411,204
Add: Nonvested restricted stock awards of retirement eligible shares	160,125		253,521
Weighted average shares outstanding	118,937,466		115,664,725
Basic loss per share	$	(0.29)	$	(0.19)
Diluted net loss attributable to Summit Inc.	$	(34,292)	$	(22,517)
Weighted average shares outstanding	118,937,466		115,411,204
Add: weighted average of LP Units	—		—
Add: stock options	—		—
Add: warrants	—		—
Add: restricted stock units	—		—
Add: performance stock units	—		—
Weighted average dilutive shares outstanding	118,937,466		115,411,204
Diluted loss per share	$	(0.29)	$	(0.20)

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
	April 2, 2022	April 3, 2021
Antidilutive shares:
LP Units	1,314,006	2,613,209
Time-vesting stock options	290,944	1,175,135
Warrants	31,519	43,166
Time-vesting restricted stock units	1,379,251	1,894,877
Market-based restricted stock units	416,096	410,357