Loss Per Share

12 Months Ended

Jun. 25, 2023

The details of the computation of basic and diluted loss per share are as follows:


	Fiscal Years Ended
(in millions of U.S. Dollars, except share data)	June 25, 2023		June 26, 2022		June 27, 2021
Net loss from continuing operations	$	(329.9)	$	(295.1)	$	(341.3)

Net income (loss) from discontinued operations	—		94.2		(181.2)
Net income from discontinued operations attributable to noncontrolling interest	—		—		1.4
Net income (loss) from discontinued operations attributable to controlling interest	—		94.2		(182.6)

Weighted average number of common shares - basic and diluted (in thousands)	124,374		120,120		112,346

(Loss) earnings per share - basic and diluted:
Continuing operations	$	(2.65)	$	(2.46)	$	(3.04)
Discontinued operations attributable to controlling interest	$	—	$	0.78	$	(1.63)

Diluted net loss per share is the same as basic net loss per share for the periods presented due to potentially dilutive items being anti-dilutive given the Company's net loss from continuing operations.

For the fiscal years ended June 25, 2023, June 26, 2022 and June 27, 2021, 2.7 million, 2.5 million and 3.4 million, respectively, of dilutive shares were excluded from the calculation of diluted loss per share because their effect would be anti-dilutive.

Future earnings per share of the Company are also subject to dilution from conversion of its convertible notes under certain conditions as described in Note 10, “Long-term Debt.”