Loss Per Share and Shareholders' Equity (Tables)

6 Months Ended

Jul. 03, 2022

Stockholders' Equity Note [Abstract]

Schedule of Changes in each Class of Redeemable Preferred Shares, Ordinary Shares and Common Stock

The tables below present changes in each class of the Company’s redeemable preferred shares, ordinary shares and common stock, as applicable:

					SHHL Ordinary Shares
	SHHL Redeemable Preferred Shares		SHHL Redeemable C Ordinary Shares		A Ordinary Shares		B Ordinary Shares		C Ordinary Shares		C2 Ordinary Shares		D Ordinary Shares
As of January 3, 2021		10,000,000		16,435,997		166,575,991		4,469,417		1,710,546		3,326,048		2,850,897
Issuance of SHHL senior convertible preference shares (Note 14)		12,970,766		—		—		—		—		—		—
Issuance of SHHL redeemable C ordinary shares (Note 14)		—		4,751,497		—		—		—		—		—
As of April 4, 2021		22,970,766		21,187,494		166,575,991		4,469,417		1,710,546		3,326,048		2,850,897
SHHL C2 ordinary shares issued in connection with the Cipura Acquisition		—		—		—		—		—		644,828		—
SHHL C2 ordinary shares issued in connection with the Mandolin Acquisition		—		—		—		—		—		92,647		—
Purchase of Soho Works North America noncontrolling interests		—		—		—		—		—		3,984,883		—
Purchase of Scorpios noncontrolling interests		—		—		—		—		—		572,410		—
SHHL C2 ordinary shares issued in connection with the LINE and Saguaro Acquisition		—		—		—		—		—		1,900,599		—
As of July 4, 2021		22,970,766		21,187,494		166,575,991		4,469,417		1,710,546		10,521,415		2,850,897

	MCG Common Stock
	Class A Common Stock			Class B Common Stock
As of January 2, 2022		61,029,730			141,500,385
Shares repurchased		(324,972	)		—
RSUs vested		506,990			—
As of April 3, 2022		61,211,748			141,500,385
Shares repurchased		(2,254,505	)		—
As of July 3, 2022		58,957,243			141,500,385

Schedule of Reconciliation of the Loss and Number of Shares Basic and Diluted Loss Per Shares

The table below illustrates the reconciliation of the loss and the number of shares used in the calculations of basic and diluted loss per share:

	For the 13 Weeks Ended						For the 26 Weeks Ended
(in thousands except share and per share amounts)	July 3, 2022			July 4, 2021			July 3, 2022			July 4, 2021
Net loss attributable to Membership Collective Group Inc.	$	(81,959	)	$	(55,987	)	$	(142,438	)	$	(146,466	)
Less: Cumulative SHHL preferred shares undeclared dividends		—			(4,737	)		—			(4,737	)
Less: Incremental accretion of SHHL preferred shares to redemption value		—			(1,126	)		—			(1,126	)
Add: Foreign currency remeasurement of SHHL preferred shares		—			908			—			908
Less: Non-cash dividends on the SHHL senior convertible preference shares		—			(4,177	)		—			(4,177	)
Adjusted net loss attributable to Class A and Class B common stockholders		(81,959	)		(65,119	)		(142,438	)		(155,598	)
Weighted average shares outstanding for basic and diluted loss per share for Class A and Class B common stockholders		201,203,671			151,449,262			201,832,289			149,304,984
Basic and diluted loss per share	$	(0.41	)	$	(0.43	)	$	(0.71	)	$	(1.04	)