Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 25, 2022

Schedule of Earnings Per Share Reconciliation

The following table sets forth the computation of basic and diluted earnings (loss) per share from continuing operations:


	Three Months Ended				Six Months Ended
	June 25, 2022		June 26, 2021		June 25, 2022		June 26, 2021
			As Adjusted				As Adjusted
Basic earnings (loss) per share:
Income (Loss) from continuing operations	$	(4,019)	$	3,763	$	(7,361)	$	3,505
Less: Allocation of earnings to participating securities	—		(158)		—		(122)
Income (Loss) from continuing operations available to common shareholders - basic	$	(4,019)	$	3,605	$	(7,361)	$	3,383
Basic weighted-average shares outstanding (1)	15,225		15,119		15,184		15,102
Basic earnings income (loss) per share - continuing operations	$	(0.26)	$	0.24	$	(0.48)	$	0.22

Diluted earnings income (loss) per share:
Income (Loss) from continuing operations available to common shareholders - basic	$	(4,019)	$	3,605	$	(7,361)	$	3,383
Add: Undistributed earnings reallocated to unvested shareholders	—		1		—		1
Income (loss) from continuing operations available to common shareholders - basic	$	(4,019)	$	3,606	$	(7,361)	$	3,384
Basic weighted-average shares outstanding (1)	15,225		15,119		15,184		15,102
Effect of dilutive securities:
Stock options (2)	—		—		—		—
Directors' stock performance units (2)	—		130		—		130
Diluted weighted-average shares outstanding (1)(2)	15,225		15,249		15,184		15,232
Diluted earnings income (loss) per share - continuing operations	$	(0.26)	$	0.24	$	(0.48)	$	0.22

(1)Includes Common and Class B Common shares, excluding unvested participating securities of 944 thousand as of June 25, 2022 and 681 thousand as of June 26, 2021.

(2)Shares issuable under stock option plans where the exercise price is greater than the average market price of the Company's Common Stock during the relevant period and directors' stock performance units have been excluded to the extent they are anti-dilutive. There were 130 aggregate shares excluded for the three months ended June 25, 2022 and for the three months ended June 26, 2021 there were 151 thousand.