Earnings Per Share

3 Months Ended

Mar. 28, 2020

EARNINGS PER SHARE

The Company computes EPS in accordance with ASC 260, Earnings per Share. Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding.

Diluted EPS is computed using the weighted average number of shares of common stock, plus the effect of potentially dilutive securities. Stock options, non-vested restricted shares with forfeitable dividend rights, restricted stock units, and employee stock purchase plan deferrals are considered potentially dilutive securities. For the 13 week periods ending March 28, 2020 and March 30,2019, share-based awards representing 10 million and 3 million underlying common shares, respectively, were not included in the computation because the effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted EPS:



	13 Weeks Ended
	March 28, 2020			March 30, 2019
Numerator:
Net (loss) income	$	(132	)	$	71
Denominator:
Weighted-average common shares outstanding	219			217
Dilutive effect of share-based awards	—			2
Weighted-average dilutive shares outstanding	219			219
Net (loss) income per share:
Basic	$	(0.60	)	$	0.33
Diluted	$	(0.60	)	$	0.32