Earnings Per Share Attributable to Common Stockholders

12 Months Ended

Nov. 28, 2021

Earnings Per Share Attributable to Common Stockholders

EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS

Basic earnings (loss) per share attributable to common stockholders is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share attributable to common stockholders adjusts the basic earnings (loss) per share attributable to common stockholders and the weighted-average number of common shares outstanding for the potentially dilutive impact of RSUs and stock appreciation rights using the treasury stock method. The following table sets forth the computation of the Company's basic and diluted earnings (loss) per share:


	Year Ended
	November 28, 2021		November 29, 2020		November 24, 2019

	(Dollars in thousands, except per share amounts)
Numerator:
Net income (loss) attributable to Levi Strauss & Co.	$	553,541	$	(127,141)	$	394,612
Denominator:
Weighted-average common shares outstanding - basic	401,634,760		397,315,117		389,082,277
Dilutive effect of stock awards	8,143,409		—		19,283,625
Weighted-average common shares outstanding - diluted	409,778,169		397,315,117		408,365,902
Earnings (loss) per common share attributable to common stockholders:
Basic	$	1.38	$	(0.32)	$	1.01
Diluted	$	1.35	$	(0.32)	$	0.97
Anti-dilutive securities excluded from calculation of diluted earnings per share attributable to common stockholders	12,973		—		174,923

Diluted net earnings (loss) per common share attributable to Levi Strauss & Co. for the year ended November 29, 2020 excluded all potentially dilutive securities because there was a net loss for the period 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 23.2 million shares for the year ended November 29, 2020.