v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 27, 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, warrants, 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):

 

   June 27, 2026   June 28, 2025   June 27, 2026   June 28, 2025 
   For the Thirteen Weeks Ended   For the Twenty-Six Weeks Ended 
   June 27, 2026   June 28, 2025   June 27, 2026   June 28, 2025 
Continuing Operations                    
Basic and diluted                    
Net loss from continuing operations  $(228,347)  $(5,502)  $(499,662)  $(7,823)
Weighted average common shares outstanding   136,634,138    18,550,568    131,726,513    17,050,637 
Basic and diluted loss per share from continuing operations  $(1.67)  $(0.30)  $(3.79)  $(0.46)
Discontinued Operations                    

Basic and diluted

                    
Net loss from discontinuing operations  $

(1,210

)  $

(3,613

)  $

(1,387

)  $

(4,153

)
Weighted average common shares outstanding   

136,634,138

    

18,550,568

    

131,726,513

    

17,050,637

 

Basic and diluted loss per share from discontinuing operations

  $

(0.01

)  $

(0.19

)  $

(0.01

)  $

(0.24

)
Total                    
Basic and diluted                    
Net (loss) income  $(229,557)  $(9,115)  $(501,049)  $(11,976)
Weighted average common shares outstanding   136,634,138    18,550,568    131,726,513    17,050,637 
Basic and diluted loss per share  $(1.68)  $(0.49)  $(3.80)  $(0.70)

 

Potentially dilutive securities totaling approximately 9.2 million and 9.2 million were excluded from the calculation of diluted earnings per share for the 13 weeks ended June 27, 2026 and June 28, 2025, respectively, and 9.2 million and 9.2 million were excluded from the calculation of diluted earnings per share for the 26 weeks ended June 27, 2026 and June 28, 2025, respectively, because the effects were anti-dilutive.