Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders??? Equity

v3.23.1
Condensed Consolidated Statement of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Preferred Stock
Class A Preferred
Common Stock
Treasury Stock
Additional paid-in capital
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
Cumulative Effect, Period of Adoption, Adjustment
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Beginning balance (in shares) at Jan. 01, 2022     0              
Common stock, beginning balance (in shares) at Jan. 01, 2022       146,561,717            
Beginning balance at Jan. 01, 2022 $ 268,287 $ (924) [1] $ 0 $ 15   $ 277,799 $ (949)   $ (8,578) $ (924)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares withheld for taxes upon vesting of restricted units 0                  
Share based compensation 600         600        
Cumulative translation adjustment (516)           (516)      
Net income 19,704               19,704  
Common stock, ending balance (in shares) at Apr. 02, 2022       146,561,717            
Ending balance (in shares) at Apr. 02, 2022     0              
Ending balance at Apr. 02, 2022 $ 287,151   $ 0 $ 15   278,399 (1,465)   10,202  
Beginning balance (in shares) at Dec. 31, 2022     0              
Beginning balance (in shares) at Dec. 31, 2022 0       0          
Common stock, beginning balance (in shares) at Dec. 31, 2022 146,703,894     146,703,894            
Beginning balance at Dec. 31, 2022 $ 375,286 $ 691 $ 0 $ 15 $ 0 281,914 (4,796) $ 691 98,153  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of restricted units (in shares)       58,790            
Shares withheld for taxes upon vesting of restricted units (in shares)       (18,520) 18,520          
Shares withheld for taxes upon vesting of restricted units (183)       $ (183)          
Share based compensation 1,830         1,830        
Net income $ 25,982               25,982  
Common stock, ending balance (in shares) at Apr. 01, 2023 146,744,164     146,744,164            
Ending balance (in shares) at Apr. 01, 2023     0              
Ending balance (in shares) at Apr. 01, 2023 18,520       18,520          
Ending balance at Apr. 01, 2023 $ 403,606   $ 0 $ 15 $ (183) $ 283,744 $ (4,105)   $ 124,135  
[1] (a)    Effective January 2, 2022, the Company adopted the provisions of Accounting Standards Update (“ASU”) 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments (Topic 326) and ASU 2016-02, Leases (Topic 842). We have elected to adopt each of the two standards using the modified retrospective approach through a cumulative-effect adjustment to the opening balance of accumulated deficit for both. See Note 2 in the Annual Report on Form 10-K, for the year ended December 31, 2022, for further details of the impact of each standard.