Company: UTZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001739566-25-000111
Chunk: 29

Company: Utz Brands, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 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 (loss) income per share:(in thousands, except share data)Thirteen weeks ended March 30, 2025Thirteen weeks ended March 31, 2024Numerator:Net income (loss) attributable to common stockholders$7,502 $(3,990)Denominator:Weighted average Class A Common Stock shares, basic85,721,393 81,389,465 Dilutive securities included in diluted earnings per share calculation:Warrants1,204,562 — RSUs392,877 — PSUs215,687 — Stock options821 — Total dilutive weighted average shares87,535,340 81,389,465 Basic income (loss) per share$0.09 $(0.05)Diluted income (loss) per share$0.09 $(0.05)Weighted average Class V Common Stock not subject to earnings per share calculation55,656,692 59,349,000 Net (loss) income attributable to noncontrolling interest$(1,824)$6,387 The diluted earnings per share computation excludes the effect of certain Warrants, 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 their inclusion would have been anti-dilutive. Anti-dilutive securities excluded from diluted income per share calculation are as follows:Thirteen weeks ended March 30, 2025Thirteen weeks ended March 31, 2024Warrants— 2,548,053 RSUs400,612 417,011 PSUs411,990 263,975 Stock options633,007 33,670 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 and 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