Loss per Share

Loss per share were computed as follows (in millions, except share data):



	Three Months Ended
	April 2, 2016			April 4, 2015
Weighted average shares:
Basic weighted average shares outstanding	51,299,632			50,666,970
Effect of dilutive securities outstanding	—			—
Diluted weighted average and equivalent shares outstanding	51,299,632			50,666,970
Net loss	$	(29	)	$	(25	)
Basic per share amounts:
Basic weighted average shares outstanding	51,299,632			50,666,970
Per share amount	$	(0.56	)	$	(0.50	)
Diluted per share amounts:
Diluted weighted average shares outstanding	51,299,632			50,666,970
Per share amount	$	(0.56	)	$	(0.50	)

Anti-dilutive securities consist primarily of stock appreciation rights (SARs) with an exercise price greater than the average market closing price of the Class A common stock.

Due to a net loss in the first quarter of 2016 and 2015, options, awards and warrants were anti-dilutive and therefore excluded from the earnings per share calculation. These excluded outstanding options, awards and warrants are as follows:



	Three Months Ended
	April 2, 2016	April 4, 2015
Potentially dilutive shares	1,478,983	1,042,982