Schedule of Earnings Per Share Reconciliation |
The following table sets forth the computation of basic and diluted earnings (loss) per share from continuing operations: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | September 24, 2022 | | September 25, 2021 | | September 24, 2022 | | September 25, 2021 | Basic earnings (loss) per share: | | | | | | | | Income (Loss) from continuing operations | $ | (8,372) | | | $ | 5,597 | | | $ | (15,734) | | | $ | 9,102 | | Less: Allocation of earnings to participating securities | — | | | (240) | | | — | | | (341) | | Income (Loss) from continuing operations available to common shareholders - basic | $ | (8,372) | | | $ | 5,357 | | | $ | (15,734) | | | $ | 8,761 | | Basic weighted-average shares outstanding (1) | 15,226 | | | 15,123 | | | 15,196 | | | 15,109 | | Basic earnings income (loss) per share - continuing operations | $ | (0.55) | | | $ | 0.35 | | | $ | (1.04) | | | $ | 0.58 | | | | | | | | | | Diluted earnings income (loss) per share: | | | | | | | | Income (Loss) from continuing operations available to common shareholders - basic | $ | (8,372) | | | $ | 5,357 | | | $ | (15,734) | | | $ | 8,761 | | Add: Undistributed earnings reallocated to unvested shareholders | — | | | 2 | | | — | | | 2 | | Income (loss) from continuing operations available to common shareholders - basic | $ | (8,372) | | | $ | 5,359 | | | $ | (15,734) | | | $ | 8,763 | | Basic weighted-average shares outstanding (1) | 15,226 | | | 15,123 | | | 15,196 | | | 15,109 | | Effect of dilutive securities: | | | | | | | | Stock options (2) | — | | | — | | | — | | | — | | Directors' stock performance units (2) | — | | | 130 | | | — | | | 130 | | Diluted weighted-average shares outstanding (1)(2) | 15,226 | | | 15,253 | | | 15,196 | | | 15,239 | | Diluted earnings income (loss) per share - continuing operations | $ | (0.55) | | | $ | 0.35 | | | $ | (1.04) | | | $ | 0.58 | |
(1)Includes Common and Class B Common shares, excluding unvested participating securities of 944 thousand as of September 24, 2022 and 671 thousand as of September 25, 2021. (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. There were 130 and 177 aggregate shares excluded for the three months ended September 24, 2022 and September 25, 2021, respectively and 130 and 177 for the nine months ended September 24, 2022 and September 25, 2021, respectively.
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