Company: UTZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001739566-25-000053
Chunk: 155

Company: Utz Brands, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 155
---
:Net income (loss) attributable to controlling interest$15,974 $(24,937)$(392)Denominator:Weighted average Class A Common Stock shares, basic82,102,876 81,081,458 80,093,094 Dilutive securities included in diluted earnings per share calculationWarrants2,423,454 — — RSUs544,916 — — PSUs327,939 — — Stock options34,795 — — Total dilutive weighted average shares85,433,980 81,081,458 80,093,094 Basic earnings per share$0.19 $(0.31)$— Diluted earnings per share$0.19 $(0.31)$— Weighted average Class V Common Stock not subject to earnings per share calculation58,725,374 59,349,000 59,349,000 Net (income) loss attributable to noncontrolling interest$(14,763)$15,095 13,649 The diluted earnings per share computation excludes the effect of certain RSUs and stock options granted to directors and management which convert into, or are exercisable for, shares of Class A Common Stock upon vesting as their inclusion would have been anti-dilutive. Anti-dilutive securities excluded from diluted earnings per share calculation:(in thousands)For the Fiscal Year Ended December 29, 2024For the Fiscal Year Ended December 31, 2023For the Fiscal Year Ended January 1, 2023Warrants— 1,882,627 1,888,256 RSUs78,105 271,330 83,261 PSUs194,695 125,958 62,408 Shares of the Company’s Class V Common Stock do not participate in earnings of the Company and, therefore, are not participating securities. The PSUs, RSUs granted to our directors and certain employees in fiscal year 2020, and 2020 LTIP RSUs were not considered participating securities despite the holders of these stock-based compensation awards being entitled to participate in dividends declared on Class A Common Stock, if and when declared, on a one-to-one per-share basis, because the dividends are only payable upon full vesting of the awards, and as such, the dividend is forfeitable. The net income attributable to the noncontrolling interest was $14.8 million for the fiscal year ended December 29