Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.1
Earnings Per Share
3 Months Ended
Mar. 26, 2022
Earnings Per Share [Abstract]  
Earnings Per Share
Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include the dilutive effect of stock options, restricted stock awards and units, and warrants. The following is a reconciliation of the basic and diluted earnings per share ("EPS") computations for both the numerator and denominator (in thousands, except per share data):

Thirteen weeks ended March 26, 2022
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net loss $ (1,887) 194,007  $ (0.01)
Dilutive effect of stock options and awards —  —  — 
Net loss per diluted common share $ (1,887) 194,007  $ (0.01)

Thirteen weeks ended March 27, 2021
Earnings
(Numerator)
Shares
(Denominator)
Per Share
Amount
Net loss $ (8,970) 91,179  $ (0.10)
Dilutive effect of stock options and awards —  —  — 
Net loss per diluted common share $ (8,970) 91,179  $ (0.10)
Stock options and awards outstanding totaling 2,113,883 and 2,923,458 were excluded from the computation for the thirteen weeks ended March 26, 2022 and the thirteen weeks ended March 27, 2021, respectively, as they would have had an antidilutive effect under the treasury stock method.