Earnings (Loss) Per Share Attributable to Common Stockholders

9 Months Ended

Aug. 29, 2021

Earnings Per Share [Abstract]

Earnings Per Share Attributable to Common Stockholders

EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share:

	Three Months Ended				Nine Months Ended
	August 29, 2021		August 23, 2020		August 29, 2021		August 23, 2020
	(Dollars in thousands, except per share amounts)
Numerator:
Net income (loss)	$	193,333	$	27,049	$	400,556	$	(183,811)
Denominator:
Weighted-average common shares outstanding - basic	402,957,370		397,711,322		401,526,123		397,010,522
Dilutive effect of stock awards	10,148,049		9,966,063		9,954,858		—
Weighted-average common shares outstanding - diluted	413,105,419		407,677,385		411,480,981		397,010,522
Earnings (loss) per common share attributable to common stockholders:
Basic	$	0.48	$	0.07	$	1.00	$	(0.46)
Diluted	$	0.47	$	0.07	$	0.97	$	(0.46)
Anti-dilutive securities excluded from calculation of diluted earnings (loss) per share attributable to common stockholders	335,849		3,214,295		406,362		—

Diluted net earnings (loss) per common share attributable to Levi Strauss & Co. for the nine months ended August 23, 2020 excluded all potentially dilutive securities because there was a net loss for the periods and, as such, the inclusion of these securities would have been anti-dilutive. Potentially dilutive securities excluded from the calculation of diluted earnings (loss) per common share were 25.8 million shares for the nine months ended August 23, 2020.