Company: UTZ
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047281
Chunk: 99

Company: Utz Brands, Inc.
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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,000,000 UBH units together with the surrender and cancellation of the same number of shares of Class V Common Stock for an equal number of shares of Class A Common Stock. The Company did not receive any proceeds as a result of this exchange.  In August 2025, the remaining outstanding Warrants were fully exercised by their holders in a cashless exchange resulting in the issuance of 1,307,873 shares of the Company's Class A Common Stock.

16.EARNINGS PER SHARE

Basic earnings per share is based on the weighted average number of shares of Class A Common Stock issued and outstanding during the periods. Diluted earnings per share is based on the weighted average number of shares of Class A Common Stock issued and outstanding and the effect of all dilutive common stock equivalents and potentially dilutive share-based awards outstanding during the periods.The following table reconciles the numerators and denominators used in the computations of both basic and diluted income per share:(in millions, except share data)Thirteen weeks ended September 28, 2025Thirteen weeks ended September 29, 2024Thirty-nine weeks ended September 28, 2025Thirty-nine weeks ended September 29, 2024Numerator:Net (loss) income attributable to common stockholders$(14.7)$(2.2)$3.3 $13.6 Denominator:Weighted average Class A Common Stock shares, basic86,958,867 82,445,064 86,266,184 81,763,848 Dilutive securities included in diluted earnings per share calculation:Warrants— — 821,898 2,210,365 RSUs— — 453,147 619,363 PSUs— — 253,455 341,686 Stock options— — 322 13,492 Total dilutive weighted average shares86,958,867 82,445,064 87,795,006 84,948,754 Basic (loss) income per share$(0.17)$(0.03)$0.04 $0.17 Diluted (loss) income per share$(0.17)$(0.03)$0.04 $0.16 Weighted average Class V Common Stock not subject to earnings per share calculation55,349,000 58,436,912 55,451,564 59,044,971 Net (loss) income attributable to noncont