EARNINGS PER SHARE

9 Months Ended

Sep. 26, 2021

Earnings Per Share [Abstract]

Earnings Per Share

11. EARNINGS PER SHARE

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

	For the thirteen weeks ended					For the thirty-nine weeks ended
	September 26, 2021			September 27, 2020		September 26, 2021			September 27, 2020
Numerator:
Net income	$	(30,200	)	$	13,543	$	(9,158	)	$	30,904
Denominator:
Weighted average common    shares		106,285,072			67,673,884		80,735,661			67,673,884
Dilutive effect of potential common shares		-			-		-			-
Weighted average common    shares assuming dilution		106,285,072			67,673,884		80,735,661			67,673,884
Earnings per share:
Basic	$	(0.28	)	$	0.20	$	(0.11	)	$	0.46
Diluted	$	(0.28	)	$	0.20	$	(0.11	)	$	0.46

The following outstanding shares of common stock equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive.

	For the thirteen weeks ended				For the thirty-nine weeks ended
	September 26, 2021		September 27, 2020		September 26, 2021		September 27, 2020
Anti-dilutive shares excluded    from calculation of diluted    EPS:
Warrants		14,666,644		—		14,666,644		—
Stock options		1,394,008		—		1,394,008		—
Restricted stock units		658,891		—		658,891		—
Earn-out shares		2,187,500		—		2,187,500		—
Total anti-dilutive shares		18,907,043		—		18,907,043		—