v3.26.1
Loss Per Unit
 6 Months Ended
Jun. 27, 2026
Earnings Per Share [Abstract]  
Loss Per Unit

(6) Loss Per Unit

 

Under the LLC structure, earnings of the Company are to be allocated to members based on their proportionate share of underlying equity. Earnings Per Unit (EPU) has been presented in the accompanying Statements of Operations and in the table that follows.

 

Basic EPU excludes dilution and is computed by first allocating a portion of USPB’s net income or net loss to Class A units and the remainder is allocated to Class B units. For the quarterly and year-to-date periods ended June 27, 2026 and June 28, 2025, 10% of USPB’s net loss was allocated to the Class A units and 90% to the Class B units. The net loss allocated to the Class A and Class B units were then divided by the weighted-average number of Class A and Class B units outstanding for the period to determine the basic EPU for each respective class of unit.

 

Diluted EPU reflects the potential dilution that could occur to the extent that any outstanding dilutive Class A or Class B units were exercised. There are no potentially dilutive Class A or Class B units outstanding.

                    
Net Loss Per Unit Calculation  13-weeks ended  26-weeks ended
(thousands of dollars, except unit and per unit data)  June 27, 2026  June 28, 2025  June 27, 2026  June 28, 2025
   (unaudited)  (unaudited)  (unaudited)  (unaudited)
Basic and diluted loss per unit:                    
Loss attributable to USPB available to members (numerator)                    
Class A  $(525)  $(474)  $(1,224)  $(1,533)
Class B  $(4,722)  $(4,268)  $(11,016)  $(13,793)
                     
Weighted average outstanding units (denominator)                    
Class A   735,385    735,385    735,385    735,385 
Class B   755,385    755,385    755,385    755,385 
                     
Per unit amount                    
Class A  $(0.71)  $(0.64)  $(1.66)  $(2.08)
Class B  $(6.25)  $(5.65)  $(14.58)  $(18.26)