Common Shares and Net (Loss) Income per Common Share (Tables)

12 Months Ended

Jan. 01, 2022

Reconciliation of Numerator and Denominators of Basic and Diluted Net (Loss) Income Per Common Share

Set forth below is a reconciliation of the numerator and denominator for the diluted net (loss) income per common share computations for the periods indicated:


	For the Year Ended
	January 1, 2022		January 2, 2021		December 28, 2019
Numerator (in millions):
Continuing operations	$	(3.2)	$	(156.8)	$	(10.8)
Discontinued operations	—		25.1		13.7
Net (loss) income	(3.2)		(131.7)		2.9
Basic Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	160,778		155,446		135,224
Basic Earnings Per Share:
Continuing operations	(0.02)		(1.01)		(0.08)
Discontinued operations	—		0.16		0.10
Net (loss) income	(0.02)		(0.85)		0.02
Diluted Earnings Per Share
Denominator (in thousands):
Weighted average common shares outstanding - basic	160,778		155,446		135,224
Dilutive effect of Stock Options	—		—		—
Dilutive effect of Performance based RSUs	—		—		—
Dilutive effect of Time-based RSUs	—		—		—
Weighted average common shares outstanding - diluted	160,778		155,446		135,224
Diluted Earnings Per Share:
Continued operations	(0.02)		(1.01)		(0.08)
Discontinued operations	—		0.16		0.10
Net (loss) income	(0.02)		(0.85)		0.02

Summary of the Anti-dilutive Securities Excluded from the Computation of Diluted Net Income (Loss) Per Common Share

The following table summarizes anti-dilutive securities excluded from the computation of diluted net (loss) income per common share for the periods indicated:


	For the Year Ended
(in thousands)	January 1, 2022	January 2, 2021	December 28, 2019
Stock options	4,855	7,270	6,493
Performance-based RSUs 1	1,524	1,185	1,594
Time-based RSUs 2	885	548	397

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1 Performance-based RSUs represent the number of shares expected to be issued based on the estimated achievement of the performance metric for these awards.

2 Time-based RSUs represent the number of shares expected to be issued based on known employee retention information.