Earnings per Share

6 Months Ended

Jul. 01, 2022

Earnings Per Share [Abstract]

Earnings per Share

7. Loss per Share

Loss 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 per share as the Company reported a net loss 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 per share were as follows (in millions):

	Successor	Predecessor
	Period from June 17, 2022 through July 1, 2022	Period from April 2, 2022  through June 16, 2022	Three Months Ended June 25, 2021
Basic and diluted	13.2	84.8	84.7

	Successor	Predecessor
	Period from June 17, 2022 through July 1, 2022	Period from January 1, 2022  through June 16, 2022	Six Months Ended June 25, 2021
Basic and diluted	13.2	84.8	84.7

The computation of diluted weighted-average shares outstanding for the period June 17, 2022 through July 1, 2022 (Successor) excluded approximately 3.2 million shares of Opioid Warrants because the effect would have been anti-dilutive. The computation of diluted weighted-average shares outstanding for both the periods April 2, 2022 through June 16, 2022 (Predecessor), the period January 1, 2022 through June 16, 2022 (Predecessor) and both the three and six months ended June 25, 2021 (Predecessor) excluded approximately 0.5 million and 5.4 million shares of equity awards because the effect would have been anti-dilutive, respectively.