Earnings Per Share

3 Months Ended

Dec. 30, 2023

The following is a reconciliation of the numerators and denominators of the basic and diluted per share computations for income (loss) from continuing operations.


	Three Months Ended
	December 30, 2023
	Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net income available to common shareholders	$	430	52,332	$	0.01
Effect of dilutive securities:
Options to purchase common stock	—		275	—
Restricted shares	—		705	—
Performance stock units	—		116	—
Diluted EPS:
Net income available to common shareholders	$	430	53,428	$	0.01


	Three Months Ended
	December 24, 2022
	Income		Shares	Per Share
	(in thousands, except per share amounts)
Basic EPS:
Net loss available to common shareholders	$	(8,433)	52,478	$	(0.16)
Effect of dilutive securities:
Options to purchase common stock	—		—	—
Restricted shares	—		—	—
Diluted EPS:
Net loss available to common shareholders	$	(8,433)	52,478	$	(0.16)

Options to purchase 1.2 million shares of Class A common stock at prices ranging from $25.79 to $51.37 per share were outstanding at December 30, 2023, and options to purchase 2.1 million shares of Class A common stock at prices ranging from $21.37 to $51.37 per share were outstanding at December 24, 2022.

For the three months ended December 30, 2023, approximately 0.5 million options outstanding were not included in the computation of diluted earnings per share because the option exercise prices were greater than the average market price of the common shares and therefore, the effect of including these options would be anti-dilutive.

For the three months ended December 24, 2022, the potential effects of stock awards were excluded from the diluted earnings per share calculation, because their inclusion in a loss period would be anti-dilutive to the earnings per share calculation.