Company: UTZ
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0001739566-25-000153
Chunk: 70

Company: Utz Brands, Inc.
Filing Date: 2025-07-31
Form: 10-Q
Item: Part I, Item 8
Chunk 70
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 receive any proceeds as a result of this exchange.

15.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 June 29, 2025Thirteen weeks ended June 30, 2024Twenty-six weeks ended June 29, 2025Twenty-six weeks ended June 30, 2024Numerator:Net income attributable to common stockholders$10.5 $19.8 $18.0 $15.8 Denominator:Weighted average Class A Common Stock shares, basic86,118,292 81,457,014 85,919,842 81,423,240 Dilutive securities included in diluted earnings per share calculation:Warrants882,524 2,600,077 1,046,428 2,574,638 RSUs433,902 539,622 410,450 436,799 PSUs244,722 305,818 227,426 285,102 Stock options— 51,881 397 42,883 Total dilutive weighted average shares87,679,440 84,954,412 87,604,543 84,762,662 Basic income per share$0.12 $0.24 $0.21 $0.19 Diluted income per share$0.12 $0.23 $0.21 $0.19 Weighted average Class V Common Stock not subject to earnings per share calculation55,349,000 59,349,000 55,502,846 59,349,000 Net (loss) income attributable to noncontrolling interest$(0.4)$5.6 $(2.2)$12.0 The diluted earnings per share computation excludes the effect of certain Warrants and certain restricted stock units ("RSUs"), performance stock units ("PSUs") and stock options granted to directors and management that convert to Class A Common Stock upon vesting or being exercised, as