Earnings (Loss) per Share

12 Months Ended

Dec. 30, 2022

Earnings (Loss) per Share [Abstract]


9.			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 have been 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
December 30, 2022

Period from
January 1, 2022
through
June 16, 2022

Year Ended December 31, 2021

Year Ended December 25, 2020

Basic

13.2

84.8

84.7

84.5

The computation of diluted weighted-average shares outstanding for the periods June 17, 2022 through December 30, 2022 (Successor), the period January 1, 2022 through June 16, 2022 (Predecessor), fiscal 2021 (Predecessor) and fiscal 2020 (Predecessor) excluded approximately zero, 0.5 million, 5.2 million and 5.6 million, respectively, shares of equity awards because the effect would have been anti-dilutive.