Earnings Per Share (Tables)

6 Months Ended

Jul. 04, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the computation of basic and diluted EPS:

	Three Months Ended				Six Months Ended
	July 4, 2021		July 5, 2020		July 4, 2021		July 5, 2020
	(in thousands, except per share data)
Numerator:
Net income (loss)	$	15,511	$	4,709	$	22,449	$	(97,458)
Less: distributed and undistributed earnings available to participating securities	(192)		(38)		(229)		(35)
Distributed and undistributed earnings (loss) available to common shareholders	$	15,319	$	4,671	$	22,220	$	(97,493)
Denominator:
Weighted average shares outstanding	58,310		58,024		58,283		58,006
Participating securities	731		460		602		460
Shares for basic earnings per share	59,041		58,484		58,885		58,466
Dilutive effect of stock options	—		—		—		—
Shares for diluted earnings per share	59,041		58,484		58,885		58,466
Basic earnings (loss) per share	$	0.26	$	0.08	$	0.38	$	(1.67)
Diluted earnings (loss) per share	$	0.26	$	0.08	$	0.38	$	(1.67)