Net Income (Loss) Per Share Earnings per Share Table (Tables)

12 Months Ended

Jan. 03, 2021

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following table sets forth the calculation of basic and diluted net income (loss) per share:


	Year ended
	January 3, 2021		December 29, 2019		December 30, 2018
Basic net income (loss) per share:
Net income (loss)	$	(29,463)	$	(31,919)	$	10,104
Less: Income attributable to non-vested shares	—		—		(178)
Less: Income attributable to preferred stock	—		—		(2,071)
Net income (loss) available to common stockholders	$	(29,463)	$	(31,919)	$	7,855
Weighted average common shares outstanding	50,751,185		43,421,715		35,715,372
Basic net income (loss) per share	$	(0.58)	$	(0.74)	$	0.22
Diluted net income (loss) per share:
Net income (loss)	$	(29,463)	$	(31,919)	$	10,104
Weighted average common shares outstanding	50,751,185		43,421,715		35,715,372
Dilutive effect of preferred stock and non-vested shares	—		—		9,604,599
Dilutive weighted average common shares outstanding	50,751,185		43,421,715		45,319,971
Diluted net income (loss) per share (1)	$	(0.58)	$	(0.74)	$	0.22
Shares excluded from diluted net income (loss) per share computations (2)	9,615,435		11,484,159		—

(1)Diluted net income (loss) per share is equal to basic net income (loss) per share for the periods presented due to the allocation of earnings to participating securities under the two-class method of calculating basic net income (loss) per share causing basic net income (loss) per share to be lower than diluted net income (loss) per share calculated under the treasury-stock method.

(2)Shares issuable upon conversion of preferred stock and non-vested shares were excluded from the computation of diluted net loss per share because their effect would have been anti-dilutive.