Net Loss per Common Share

3 Months Ended

Aug. 29, 2020

Net Loss per Common Share Basic net loss per share attributable to Cal-Maine Foods, Inc. is based on the weighted average Common Stock and Class A Common Stock outstanding. Diluted net income per share attributable to Cal-Maine Foods, Inc. is based on weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards. Restricted shares of 139 thousand and 110 thousand were antidilutive due to the net loss for the thirteen weeks ended August 29, 2020 and August 31, 2019, respectively. These shares were not included in the diluted net loss per share calculation.

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Cal-Maine Foods, Inc. (amounts in thousands, except per share data):


	13 Weeks Ended
	August 29, 2020		August 31, 2019
Numerator
Net loss	$	(19,399)	$	(45,721)
Less: Income attributable to noncontrolling interest	—		39
Net loss attributable to Cal-Maine Foods, Inc.	$	(19,399)	$	(45,760)

Denominator
Weighted-average common shares outstanding, basic	48,501		48,446

Weighted-average common shares outstanding, diluted	48,501		48,446

Net income (loss) per common share attributable to Cal-Maine Foods, Inc.
Basic	$	(0.40)	$	(0.94)
Diluted	$	(0.40)	$	(0.94)