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Loss Per Share
3 Months Ended
Mar. 29, 2021
Earnings Per Share [Abstract]  
Loss Per Share

(15) Loss Per Share

The following is a reconciliation of the numerator and denominator used to calculate basic earnings per share and diluted earnings per share from continuing operations for the quarters ended March 29, 2021 and March 30, 2020:

 

 

 

Quarter Ended

 

 

 

March 29, 2021

 

 

March 30, 2020

 

 

 

(In thousands, except per share amounts)

 

Net loss from continuing operations

 

$

(3,192

)

 

$

(3,220

)

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

106,825

 

 

 

105,686

 

Dilutive effect of performance-based restricted stock units,

   restricted stock units and stock options

 

 

 

 

 

 

Diluted shares

 

 

106,825

 

 

 

105,686

 

Loss per share:

 

 

 

 

 

 

 

 

Basic

 

$

(0.03

)

 

$

(0.03

)

Diluted

 

$

(0.03

)

 

$

(0.03

)

 

For the quarter ended March 29, 2021, potential shares of common stock, consisting of stock options to purchase approximately 60 shares of common stock at exercise prices ranging from $11.83 to $16.60 per share, 2,897 restricted stock units (RSUs), and 289 performance-based restricted stock units (PRUs) were not included in the computation of diluted earnings per share because the Company incurred a net loss and as a result, the impact would be anti-dilutive. For the quarter ended March 30, 2020, potential shares of common stock, consisting of stock options to purchase approximately 100 shares of common stock at exercise prices ranging from $9.54 to $16.60 per share, 2,459 RSUs, and 216 PRUs were not included in the computation of diluted earnings per share because the Company incurred a net loss and, as a result, the impact would be anti-dilutive.

Outstanding warrants for the quarters ended March 29, 2021 and March 30, 2020, to purchase common stock were not included in the computation of dilutive earnings per share because the strike price of the warrants to purchase the Company’s common stock was greater than the average market price of common shares during the applicable quarter and because the Company incurred a net loss, and therefore, the effect would be anti-dilutive.