Earnings per share

3 Months Ended

Oct. 03, 2020

Earnings per share

Earnings per share

13. Earnings per share

	First Quarters Ended
	October 3,		September 28,
	2020		2019
	(Thousands, except per share data)
Numerator:
Net (loss) income	$	(18,889)	$	41,752
Denominator:
Weighted average common shares for basic earnings per share		98,897		103,130
Net effect of dilutive stock based compensation awards		—		1,247
Weighted average common shares for diluted earnings per share		98,897		104,377
Basic (loss) earnings per share	$	(0.19)	$	0.40
Diluted (loss) earnings per share	$	(0.19)	$	0.40
Stock options excluded from earnings per share calculation due to anti-dilutive effect		875		388

A

For the first quarter of fiscal 2021, the diluted net loss per share is the same as the basic net loss per share as the effect of all potential common shares would be anti-dilutive.