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Common Shares and Net Loss per Common Share
 6 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Common Shares and Net Loss per Common Share Common Shares and Net Loss per Common Share
Common Shares
On May 4, 2021, our Board of Directors approved a share repurchase program for up to $50.0 million of our outstanding common shares over a 12-month period commencing on May 10, 2021. We did not repurchase any outstanding common shares under the plan during the second quarter of 2022 and the program has now expired. In total, we repurchased 2,646,831 common shares for $43.5 million under this share repurchase program which were subsequently canceled.
Net Loss per Common Share
Basic net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding during the periods presented. Diluted net loss per common share is calculated by dividing net loss by the weighted average number of common shares outstanding adjusted to include the effect, if dilutive, of the exercise of in-the-money stock options, performance-based RSUs, and time-based RSUs during the periods presented. The components of weighted average basic and diluted shares outstanding are below:

 For the Three Months EndedFor the Six Months Ended
 July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Weighted average common shares outstanding - basic161,149 161,561 161,038 161,097 
Dilutive effect of Stock Options— — — — 
Dilutive effect of Performance-based RSUs— — — — 
Dilutive effect of Time-based RSUs— — — — 
Weighted average common shares outstanding - diluted161,149 161,561 161,038 161,097 

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

 For the Three Months EndedFor the Six Months Ended
(in thousands)July 2, 2022July 3, 2021July 2, 2022July 3, 2021
Stock Options4,617 5,719 4,617 5,719 
Performance-based RSUs 1
1,191 836 1,191 836 
Time-based RSUs 2
841 481 841 481 
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1     Performance-based RSUs represent the number of shares expected to be issued based primarily on the estimated achievement of performance targets for these awards.
2     Time-based RSUs represent the number of shares expected to be issued based on known employee retention information.