Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v3.24.3
Earnings (Loss) Per Share
9 Months Ended
Oct. 06, 2024
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
Basic earnings (loss) per share amounts are calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted 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 earnings 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 quarter to date and year to date periods ended October 6, 2024, 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):
Twelve Weeks Ended Forty Weeks Ended
October 6, 2024 October 1, 2023 October 6, 2024 October 1, 2023
Basic weighted average shares outstanding 15,754  15,799  15,652  15,949 
Dilutive effect of stock options and awards —  —  —  — 
Diluted weighted average shares outstanding 15,754  15,799  15,652  15,949 
Awards excluded due to anti-dilutive effect on diluted income (loss) per share 2,262  1,420  1,846  1,421