v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 28, 2026
Net loss per share:  
Earnings Per Share

Note 19: Earnings Per Share

 

Net income (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 income (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 income (loss) per share (in $000’s, except share and per–share data):

 

Schedule of Computation of Basic and Diluted Net Loss Per Share 

   March 28, 2026   March 29, 2025 
   For the Thirteen Weeks Ended 
   March 28, 2026   March 29, 2025 
Continuing Operations          
Basic and diluted          
Net loss from continuing operations  $(271,316)  $(1,912)
Weighted average common shares outstanding   126,818,888    15,550,706 
Basic and diluted loss per share from continuing operations  $(2.14)  $(0.12)
Total          
Basic and Diluted          
Net loss   (271,493)   (2,392)
Weighted average common shares outstanding   126,818,888    15,550,706 
Basic and diluted loss per share   (2.14)   (0.15)

 

Potentially dilutive securities totaling approximately 84.6 million and 8.9 million were excluded from the calculation of diluted earnings per share for the 13 weeks ended March 28, 2026 and March 29, 2025, respectively, because the effects were anti-dilutive.