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Loss Per Share
3 Months Ended
Mar. 29, 2020
Earnings Per Share [Abstract]  
Loss Per Share

(4) Loss Per Share

Basic and diluted income per common share attributable to common stockholders are calculated using the weighted average number of common shares outstanding for the period. Diluted income per common share attributable to common stockholders is computed by dividing the income allocated to common stockholders by the weighted average number of fully diluted common shares outstanding. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive. For the 13 weeks ended March 29, 2020, and March 31, 2019, the Company had a loss per share, and therefore potentially dilutive shares were excluded from the calculation.

The following table summarizes the loss per share calculation:

 

 

 

For the 13 Weeks Ended

 

 

 

March 29,

 

 

March 31,

 

 

 

2020

 

 

2019

 

Net loss attributable to Potbelly Corporation

 

$

(13,336

)

 

$

(18,439

)

Weighted average common shares outstanding-basic

 

 

23,646

 

 

 

24,133

 

Plus: Effect of potential stock options exercise

 

 

 

 

 

 

Weighted average common shares outstanding-diluted

 

 

23,646

 

 

 

24,133

 

Loss per share available to common stockholders-basic

 

$

(0.56

)

 

$

(0.76

)

Loss per share available to common stockholders-diluted

 

$

(0.56

)

 

$

(0.76

)

Potentially dilutive shares that are considered anti-dilutive:

 

 

 

 

 

 

 

 

Common share options

 

 

2,294

 

 

 

2,387