| Loss Per Share |
The following table presents the computation of Basic (loss) earnings per share (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | March 31,
2019 | | March 25,
2018 | | March 31,
2019 | | March 25,
2018 | Net (loss) income from continuing operations |
| ($22,311 | ) |
|
| ($10,163 | ) |
|
| ($23,259 | ) |
|
| $12,414 |
| Net income attributable to non-controlling interest | 121 |
|
| 44 |
|
| 23 |
|
| 59 |
| Income (loss) before discontinued operations | (22,432 | ) |
| (10,207 | ) |
| (23,282 | ) |
| 12,355 |
| Loss from discontinued operations, net of tax | (205,420 | ) |
| (230,370 | ) |
| (218,085 | ) |
| (259,067 | ) | Net loss attributable to controlling interest |
| ($227,852 | ) |
|
| ($240,577 | ) |
|
| ($241,367 | ) |
|
| ($246,712 | ) | Weighted average common shares | 103,659 |
| | 100,140 |
| | 102,807 |
| | 99,046 |
| Basic (loss) earnings per share from continuing operations and non-controlling interest |
| ($0.22 | ) |
|
| ($0.10 | ) |
|
| ($0.23 | ) |
|
| $0.13 |
| Basic (loss) per share from discontinued operations | (1.98 | ) |
| (2.30 | ) |
| (2.12 | ) |
| (2.62 | ) | (Loss) earnings per share - basic |
| ($2.20 | ) |
|
| ($2.40 | ) |
|
| ($2.35 | ) |
|
| ($2.49 | ) |
The following computation reconciles the differences between the basic and diluted (loss) earnings per share presentations (in thousands, except per share amounts): | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | March 31,
2019 | | March 25,
2018 | | March 31,
2019 | | March 25,
2018 | Net (loss) income from continuing operations |
| ($22,311 | ) |
|
| ($10,163 | ) |
|
| ($23,259 | ) |
|
| $12,414 |
| Net income attributable to non-controlling interest | 121 |
|
| 44 |
|
| 23 |
|
| 59 |
| Income (loss) before discontinued operations | (22,432 | ) | | (10,207 | ) | | (23,282 | ) | | 12,355 |
| Loss from discontinued operations, net of tax (Note 2) | (205,420 | ) |
| (230,370 | ) |
| (218,085 | ) |
| (259,067 | ) | Net loss attributable to controlling interest |
| ($227,852 | ) |
|
| ($240,577 | ) |
|
| ($241,367 | ) |
|
| ($246,712 | ) | Weighted average common shares - basic | 103,659 |
| | 100,140 |
| | 102,807 |
| | 99,046 |
| Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights | — |
| | — |
| | — |
| | 1,626 |
| Weighted average common shares - diluted | 103,659 |
| | 100,140 |
| | 102,807 |
| | 100,672 |
| Diluted (loss) earnings per share from continuing operations and non-controlling interest |
| ($0.22 | ) |
|
| ($0.10 | ) |
|
| ($0.23 | ) |
|
| $0.12 |
| Diluted (loss) per share from discontinued operations | (1.98 | ) |
| (2.30 | ) |
| (2.12 | ) |
| (2.57 | ) | (Loss) earnings per share - diluted |
| ($2.20 | ) |
|
| ($2.40 | ) |
|
| ($2.35 | ) |
|
| ($2.45 | ) |
Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted earnings per share. For the three and nine months ended March 31, 2019, there were 1.5 million and 2.4 million of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive. For the three and nine months ended March 25, 2018, there were 3.8 million and 4.4 million, respectively, of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive. |