Earnings Per Share

6 Months Ended

Jun. 25, 2022

Earnings Per Share

Earnings Per Share

17. Earnings Per Share

Basic and diluted earnings per share (“EPS”) were as follows:

	13 Weeks Ended				26 Weeks Ended
(In thousands, except share and per share amounts)	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
Net income (loss)	$	(30,285)	$	(1,339)	$	(26,228)	$	10,373
Basic
Weighted average basic common shares outstanding		100,897,815		74,058,447		100,895,181		74,058,447
Basic earnings (loss) per share	$	(0.30)	$	(0.02)	$	(0.26)	$	0.14
Diluted
Weighted average diluted common shares outstanding		100,897,815		74,058,447		100,895,181		77,041,809
Diluted earnings (loss) per share	$	(0.30)	$	(0.02)	$	(0.26)	$	0.13

There were no anti-dilutive shares for the diluted EPS calculations for the 13 weeks and 26 weeks ended June 25, 2022 and June 26, 2021.

EPS calculations for the 13 weeks ended June 25, 2022 and June 26, 2021 excluded 0.4 million shares and 3.0 million shares, respectively, underlying stock options issuable upon exercise that would have been anti-dilutive due to the net loss for the period. EPS calculations for the 26 weeks ended June 25, 2022 excluded 0.2 million shares underlying stock options issuable upon exercise that would have been anti-dilutive due to the net loss for the period. There were no anti-dilutive shares for the diluted EPS calculation for the 26 weeks ended June 26, 2021.