Diluted Earnings Per Share

9 Months Ended

Feb. 27, 2022

The following table sets forth the computation of diluted earnings per share:


	Three Months Ended				Nine Months Ended
(In thousands, except per share amounts)	February 27, 2022		February 28, 2021		February 27, 2022		February 28, 2021
Numerator:
Net loss applicable to common stockholders	$	(12,850)	$	(5,498)	$	(60,768)	$	(29,799)
Denominator:
Weighted average shares for basic net loss per share	29,482		29,323		29,459		29,282
Effect of dilutive securities:
Stock options and restricted stock units	—		—		—		—
Weighted average shares for diluted net loss per share	29,482		29,323		29,459		29,282

Diluted net loss per share	$	(0.43)	$	(0.19)	$	(2.07)	$	(1.02)

Due to the Company’s net loss for the three and nine months ended February 27, 2022 and February 28, 2021, the net loss per share includes only weighted average shares outstanding. For the three months ended February 27, 2022 and February 28, 2021, the computation of the diluted net loss per share excludes the impact of options to purchase 2.1 million and 2.4 million shares of common stock, respectively, as such impacts would be antidilutive for these periods. For the nine months ended February 27, 2022 and February 28, 2021, the computation of the diluted net loss per share excludes the impact of options to purchase 2.2 million and 2.2 million shares of common stock, respectively, as such impacts would be antidilutive for these periods.