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 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):
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Year Ended December 31, 2022 |
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Earnings (Numerator) |
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Shares (Denominator) |
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Per Share Amount |
Net loss |
$ |
(16,436) |
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194,249 |
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$ |
(0.08) |
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Dilutive effect of stock options and awards |
— |
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— |
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— |
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Dilutive effect of warrants |
— |
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— |
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— |
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Net loss per diluted common share |
$ |
(16,436) |
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194,249 |
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$ |
(0.08) |
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Year Ended December 25, 2021 |
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Earnings (Numerator) |
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Shares (Denominator) |
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Per Share Amount |
Net loss |
$ |
(38,332) |
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134,699 |
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$ |
(0.28) |
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Dilutive effect of stock options and awards |
— |
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— |
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— |
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Dilutive effect of warrants |
— |
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— |
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— |
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Net loss per diluted common share |
$ |
(38,332) |
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134,699 |
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$ |
(0.28) |
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Year Ended December 26, 2020 |
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Earnings (Numerator) |
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Shares (Denominator) |
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Per Share Amount |
Net loss |
$ |
(24,499) |
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89,891 |
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$ |
(0.27) |
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Dilutive effect of stock options and awards |
— |
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— |
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— |
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Dilutive effect of warrants |
— |
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— |
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— |
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Net loss per diluted common share |
$ |
(24,499) |
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89,891 |
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$ |
(0.27) |
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Stock options and awards outstanding totaling 5,896, 1,886 and 7,310 were excluded from the computation for the years ended December 31, 2022, December 25, 2021 and December 26, 2020, respectively, as they would have had an antidilutive effect under the treasury stock method. Warrants of 10,540 were excluded from the computation for the year ended December 25, 2021 as they would have had an antidilutive effect under the treasury stock method.
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