Red Robin Gourmet Burgers, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

(Loss) Earnings Per Share

(Loss) Earnings Per Share

6 Months Ended

Jul. 12, 2020

Basic (loss) earnings per share amounts are calculated by dividing net (loss) income by the weighted-average number of shares of common stock outstanding during the period. Diluted (loss) earnings per share amounts are calculated based upon the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Potentially dilutive shares are excluded from the computation in periods in which they have an anti-dilutive effect. Diluted (loss) earnings per share reflect the potential dilution that could occur if holders of options exercised their options into common stock.

The Company uses the treasury stock method to calculate the effect of outstanding stock options. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):


	Twelve Weeks Ended			Twenty-Eight Weeks Ended
	July 12, 2020	July 14, 2019	July 12, 2020	July 14, 2019
Basic weighted average shares outstanding	13,741	12,970	13,262	12,969
Dilutive effect of stock options and awards	—	73	—	78
Diluted weighted average shares outstanding	13,741	13,043	13,262	13,047

Awards excluded due to anti-dilutive effect on diluted earnings per share	865	378	317	457