COMPUTATION OF (LOSS) EARNINGS PER COMMON SHARE

3 Months Ended

Jul. 02, 2022

COMPUTATION OF (LOSS) EARNINGS PER COMMON SHARE

COMPUTATION OF LOSS PER COMMON SHARE

Basic (loss) earnings per share is calculated by dividing net (loss) income by the weighted-average number of common shares outstanding during the period. Diluted (loss) earnings 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 periods where the Company had a net loss, as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted (loss) earnings per common share for the three months ended July 2, 2022 and July 3, 2021:


	Three Months Ended
(in thousands, except per share data)	July 2, 2022		July 3, 2021
Numerator:
Net loss	$	(33,087)	$	(36,811)

Denominator:
Weighted-average basic shares outstanding	43,428		42,061
Weighted-average diluted shares outstanding	43,428		42,061

Basic and diluted loss per common share	$	(0.76)	$	(0.88)
Diluted loss per common share	$	(0.76)	$	(0.88)

Potentially dilutive securities excluded from diluted loss per common share because their effect is anti-dilutive	175		405