Earnings per Share

9 Months Ended

Sep. 24, 2021


6.			(Loss) Earnings per Share

(Loss) earnings per share is computed by dividing net loss by the number of weighted-average shares outstanding during the period. Dilutive securities, including participating securities, have not been included in the computation of (loss) earnings per share as the Company reported a net (loss) income from continuing operations during all periods presented below and therefore, the impact would be anti-dilutive.

The weighted-average number of shares outstanding used in the computations of both basic and diluted (loss) earnings per share were as follows (in millions):

Three Months Ended

Nine Months Ended

September 24,
2021

September 25,
2020

September 24,
2021

September 25,
2020

Basic and diluted

84.7

84.6

84.7

84.4

The computation of diluted weighted-average shares outstanding for the three and nine months ended September 24, 2021 excluded approximately 5.3 million shares of equity awards, and for both the three and nine months ended September 25, 2020 excluded approximately 5.8 million shares of equity awards because the effect would have been anti-dilutive.