Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.21.2
Loss Per Share
 6 Months Ended
Jul. 03, 2021
Earnings Per Share [Abstract]  
Loss Per Share

Note 17: Loss Per Share

Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s Consolidated Balance Sheet. Diluted net loss per share is computed using the weighted average number of common shares outstanding and if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable in respect of restricted share awards, stock options and convertible preferred stock.

The following table presents the computation of basic and diluted net loss per share:

 

 

 

For the Thirteen Weeks Ended

 

 

For the Twenty Six Weeks Ended

 

 

 

July 3, 2021

 

 

June 27, 2020

 

 

July 3, 2021

 

 

June 27, 2020

 

Net loss

 

$

(4,979

)

 

$

(2,442

)

 

$

(4,477

)

 

$

(4,725

)

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Basic loss per share

 

$

(2.07

)

 

$

(1.22

)

 

$

(1.94

)

 

$

(2.41

)

Weighted average common shares outstanding

 

 

2,405,410

 

 

 

1,993,578

 

 

 

2,312,024

 

 

 

1,961,210

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

Diluted loss per share

 

$

(2.07

)

 

$

(1.22

)

 

$

(1.94

)

 

$

(2.41

)

Weighted average common shares outstanding

 

 

2,405,410

 

 

 

1,993,578

 

 

 

2,312,024

 

 

 

1,961,210

 

 

Potentially dilutive securities totaling 78,000 and 111,763 were excluded from the calculation of diluted net loss per share for the 26 weeks ended July 3, 2021 and June 27, 2020, respectively, because the effects were anti-dilutive based on the application of the treasury stock method.