Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Changes in Stockholders??? Equity

v3.23.2
Condensed Consolidated Statement of Changes in Stockholders’ Equity - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
 [1]
Preferred Stock
Class A Preferred
Common Stock
Treasury Stock
Additional paid-in capital
Accumulated Other Comprehensive Loss
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) $ 0 $ 15   $ 277,799 $ (949) $ (8,578) $ (924)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share-based compensation 600         600      
Cumulative translation adjustment (514)           (514)    
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 287,153   $ 0 $ 15   278,399 (1,463) 10,202  
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) $ 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                
Net income 42,541                
Common stock, ending balance (in shares) at Jul. 02, 2022       146,639,377          
Ending balance (in shares) at Jul. 02, 2022     0            
Ending balance at Jul. 02, 2022 307,513   $ 0 $ 15   279,309 (4,850) 33,039  
Beginning balance (in shares) at Apr. 02, 2022     0            
Common stock, beginning balance (in shares) at Apr. 02, 2022       146,561,717          
Beginning balance at Apr. 02, 2022 $ 287,153   $ 0 $ 15   278,399 (1,463) 10,202  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Share based compensation (in shares) 77,660                
Share-based compensation $ 910         910      
Cumulative translation adjustment (3,387)           (3,387)    
Net income 22,837             22,837  
Common stock, ending balance (in shares) at Jul. 02, 2022       146,639,377          
Ending balance (in shares) at Jul. 02, 2022     0            
Ending balance at Jul. 02, 2022 $ 307,513   $ 0 $ 15   279,309 (4,850) 33,039  
Beginning balance (in shares) at Dec. 31, 2022     0            
Common stock, beginning balance (in shares) at Dec. 31, 2022 146,703,894     146,703,894          
Beginning balance (in shares) at Dec. 31, 2022 0       0        
Beginning balance at Dec. 31, 2022 $ 375,286   $ 0 $ 15 $ 0 281,914 (4,796) 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      
Cumulative translation adjustment 691           691    
Net income 25,982             25,982  
Common stock, ending balance (in shares) at Apr. 01, 2023       146,744,164          
Ending balance (in shares) at Apr. 01, 2023     0            
Ending balance (in shares) at Apr. 01, 2023         18,520        
Ending balance at Apr. 01, 2023 $ 403,606   $ 0 $ 15 $ (183) 283,744 (4,105) 124,135  
Beginning balance (in shares) at Dec. 31, 2022     0            
Common stock, beginning balance (in shares) at Dec. 31, 2022 146,703,894     146,703,894          
Beginning balance (in shares) at Dec. 31, 2022 0       0        
Beginning balance at Dec. 31, 2022 $ 375,286   $ 0 $ 15 $ 0 281,914 (4,796) 98,153  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Shares withheld for taxes upon vesting of restricted units (184)                
Net income $ 62,969                
Common stock, ending balance (in shares) at Jul. 01, 2023 146,825,494     146,825,494          
Ending balance (in shares) at Jul. 01, 2023     0            
Ending balance (in shares) at Jul. 01, 2023 18,638       18,638        
Ending balance at Jul. 01, 2023 $ 442,974   $ 0 $ 15 $ (184) 285,495 (3,474) 161,122  
Beginning balance (in shares) at Apr. 01, 2023     0            
Common stock, beginning balance (in shares) at Apr. 01, 2023       146,744,164          
Beginning balance (in shares) at Apr. 01, 2023         18,520        
Beginning balance at Apr. 01, 2023 403,606   $ 0 $ 15 $ (183) 283,744 (4,105) 124,135  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of restricted units (in shares)       81,448          
Shares withheld for taxes upon vesting of restricted units (in shares)       118 118        
Shares withheld for taxes upon vesting of restricted units (1)       $ 1        
Share-based compensation 1,751         1,751      
Cumulative translation adjustment 631           631    
Net income $ 36,987             36,987  
Common stock, ending balance (in shares) at Jul. 01, 2023 146,825,494     146,825,494          
Ending balance (in shares) at Jul. 01, 2023     0            
Ending balance (in shares) at Jul. 01, 2023 18,638       18,638        
Ending balance at Jul. 01, 2023 $ 442,974   $ 0 $ 15 $ (184) $ 285,495 $ (3,474) $ 161,122  
[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.