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Loss per Share
6 Months Ended
Jul. 02, 2016
Earnings Per Share [Abstract]  
Loss per Share
Loss per Share

Loss per share were computed as follows (in millions, except share data):
 
 
Three Months Ended
 
Six Months Ended
 
July 2, 2016 Restated
 
July 4, 2015
 
July 2, 2016 Restated
 
July 4, 2015
Weighted average shares:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
51,533,236

 
50,917,161

 
51,405,373

 
50,798,238

Effect of dilutive securities outstanding

 

 

 

Diluted weighted average and equivalent shares outstanding
51,533,236

 
50,917,161

 
51,405,373

 
50,798,238

Net loss
$
(45
)
 
$
(77
)
 
$
(71
)
 
$
(102
)
Basic per share amounts:
 
 
 
 
 
 
 
Basic weighted average shares outstanding
51,533,236

 
50,917,161

 
51,405,373

 
50,798,238

Per share amount
$
(0.88
)
 
$
(1.50
)
 
$
(1.38
)
 
$
(2.00
)
Diluted per share amounts:
 
 
 
 
 
 
 
Diluted weighted average shares outstanding
51,533,236

 
50,917,161

 
51,405,373

 
50,798,238

Per share amount
$
(0.88
)
 
$
(1.50
)
 
$
(1.38
)
 
$
(2.00
)

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 net losses in both the second quarter and first half 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
 
Six Months Ended
 
July 2, 2016
 
July 4, 2015
 
July 2, 2016
 
July 4, 2015
Potentially dilutive shares
1,313,435

 
1,152,707

 
1,356,668

 
1,018,482