Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.2.2
Earnings Per Share
 9 Months Ended
Sep. 24, 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 September 24, 2022 Thirty-nine weeks ended September 24, 2022
Earnings
(Numerator)		 Shares
(Denominator)		 Per Share
Amount		 Earnings
(Numerator)		 Shares
(Denominator)		 Per Share
Amount
Net loss $ (9,466) 194,370  $ (0.05) $ (2,537) 194,171  $ (0.01)
Dilutive effect of stock options and awards —  —  —  —  —  — 
Net income per diluted common share $ (9,466) 194,370  $ (0.05) $ (2,537) 194,171  $ (0.01)

Thirteen weeks ended September 25, 2021 Thirty-nine weeks ended September 25, 2021
Earnings
(Numerator)		 Shares
(Denominator)		 Per Share
Amount		 Earnings
(Numerator)		 Shares
(Denominator)		 Per Share
Amount
Net loss $ (32,524) 168,440  $ (0.19) $ (44,879) 116,945  $ (0.38)
Dilutive effect of stock options and awards —  —  —  —  —  — 
Dilutive effect of warrants —  —  —  —  —  — 
Net loss per diluted common share $ (32,524) 168,440  $ (0.19) $ (44,879) 116,945  $ (0.38)

Stock options and awards outstanding totaling 9,586 and 4,635 were excluded from the computation for the thirteen and thirty-nine weeks ended September 24, 2022 and 1,492 and 2,018 for the thirteen and thirty-nine weeks ended September 25, 2021, respectively, as they would have had an antidilutive effect under the treasury stock method. Warrants of 19,788 and 6,596 were excluded from the computation for the thirteen and thirty-nine weeks ended September 25, 2021, respectively, as they would have had an antidilutive effect under the treasury stock method.