EARNINGS (LOSS) PER SHARE

The Company's unvested stock awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, are considered participating securities and are included in the computation of earnings (loss) per share. Accounting guidance requires additional disclosure of earnings (loss) per share for common stock and unvested share-based payment awards, separately disclosing distributed and undistributed earnings. Undistributed earnings represent earnings that were available for distribution but were not distributed. Common stock and unvested share-based payment awards earn dividends equally. All earnings were undistributed in all periods presented.

The following table sets forth the computation of basic and diluted earnings (loss) per share from continuing operations:



	Three Months Ended
	March 28, 2020			March 30, 2019
Basic earnings (loss) per share:
Loss from continuing operations	$	(2,613	)	$	(6,641	)
Less: Allocation of earnings to participating securities	—			—
Loss from continuing operations available to common shareholders - basic	$	(2,613	)	$	(6,641	)
Basic weighted-average shares outstanding (1)	15,356			15,809
Basic earnings (loss) per share - continuing operations	$	(0.17	)	$	(0.42	)

Diluted earnings (loss) per share:
Loss from continuing operations available to common shareholders - basic	$	(2,613	)	$	(6,641	)
Add: Undistributed earnings reallocated to unvested shareholders	—			—
Loss from continuing operations available to common shareholders - basic	$	(2,613	)	$	(6,641	)
Basic weighted-average shares outstanding (1)	15,356			15,809
Effect of dilutive securities:
Stock options (2)	—			—
Directors' stock performance units (2)	—			—
Diluted weighted-average shares outstanding (1)(2)	15,356			15,809
Diluted earnings (loss) per share - continuing operations	$	(0.17	)	$	(0.42	)


(1)	Includes Common and Class B Common shares, excluding unvested participating securities of 490 thousand as of March 28, 2020 and 476 thousand as of March 30, 2019.

(2)

Shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock during the relevant period and directors' stock performance units have been excluded to the extent they are anti-dilutive. Aggregate shares excluded for the three months ended March 28, 2020 were 278 thousand and for the three months ended March 30, 2019 were 394 thousand.