| Earnings (Loss) per share |
Note 20: Earnings (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 earnings 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 with respect to restricted share awards, stock options and convertible preferred stock.
The following table presents the computation of basic and diluted net loss per share (in $000’s, except per share data):
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For the Years Ended |
|
December 30, 2023 |
|
December 31, 2022 |
| Continuing Operations |
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|
| Basic and diluted |
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|
|
| Net (loss) income from continuing operations |
$ |
(17,095) |
|
|
$ |
8,020 |
|
| Weighted average common shares outstanding |
4,005,334 |
|
3,150,230 |
| Basic and diluted (loss) income per share from continuing operations |
$ |
(4.27) |
|
|
$ |
2.55 |
|
| Discontinued Operations |
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|
|
| Basic |
|
|
|
| Net income from discontinued operations |
$ |
9,283 |
|
|
$ |
2,972 |
|
| Weighted average common shares outstanding |
4,005,334 |
|
3,150,230 |
| Basic income per share from discontinued operations |
$ |
2.32 |
|
|
$ |
0.94 |
|
| Diluted |
|
|
|
| Net income from discontinued operations |
$ |
9,283 |
|
|
$ |
2,972 |
|
| Weighted average common shares outstanding |
4,444,361 |
|
3,150,230 |
| Diluted income per share from discontinued operations |
$ |
2.09 |
|
|
$ |
0.94 |
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| Total |
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|
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| Basic and diluted |
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|
|
| Net (loss) income |
$ |
(7,812) |
|
|
$ |
10,992 |
|
| Weighted average common shares outstanding |
4,005,334 |
|
3,150,230 |
| Basic and diluted (loss) income per share |
$ |
(1.95) |
|
|
$ |
3.49 |
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