COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

3 Months Ended

Jul. 03, 2021

COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

COMPUTATION OF LOSS PER COMMON SHARE

Basic loss per share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share assumes the issuance of additional shares of common stock by the Company upon exercise of all outstanding stock options and vesting of restricted stock, if the effect is dilutive, in accordance with the treasury stock method. The potentially dilutive effect of outstanding stock options and restricted stock has been excluded from the computation of diluted loss per share in all periods presented, as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted loss per common share for the three months ended July 3, 2021 and June 27, 2020:


	Three Months Ended
(in thousands, except per share data)	July 3, 2021		June 27, 2020
Numerator:
Net loss	$	(36,811)	$	(75,015)

Denominator:
Weighted-average common shares outstanding	42,061		40,460

Basic and diluted loss per common share	$	(0.88)	$	(1.85)

Potentially dilutive securities excluded from diluted loss per common share because their effect is anti-dilutive	405		1,546