Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v3.23.1
Loss Per Share
4 Months Ended
Apr. 16, 2023
Earnings Per Share [Abstract]  
Loss Per Share Loss Per ShareBasic loss per share amounts are calculated by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted loss 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 per share reflects the potential dilution that could occur if holders of options exercised their options into common stock. As the Company was in a net loss position for both the sixteen weeks ended April 16, 2023 and April 17, 2022, all potentially dilutive common shares are considered anti-dilutive.The Company uses the treasury stock method to calculate the effect of outstanding stock options and awards. Basic weighted average shares outstanding is reconciled to diluted weighted average shares outstanding as follows (in thousands):
Sixteen Weeks Ended
April 16, 2023 April 17, 2022
Basic weighted average shares outstanding 15,996  15,748 
Dilutive effect of stock options and awards —  — 
Diluted weighted average shares outstanding 15,996  15,748 
Awards excluded due to anti-dilutive effect on diluted loss per share 1,368  885