Income (Loss) Per Share

6 Months Ended

Aug. 27, 2022

Income (Loss) Per Share

Income (Loss) Per Share

4. Income (Loss) Per Share

Basic income (loss) per share is computed by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the income of the Company, subject to anti-dilution limitations.

	Thirteen Week Period Ended				Twenty-Six Week Period Ended
	August 27,		August 28,		August 27,		August 28,
	2022		2021		2022		2021
Basic and diluted loss per share:
Numerator:
Net loss attributable to common stockholders— basic and diluted	$	(331,290)	$	(100,301)	$	(441,481)	$	(113,358)
Denominator:
Basic and diluted weighted average shares		54,548		53,989		54,453		53,920
Basic and diluted loss per share	$	(6.07)	$	(1.86)	$	(8.11)	$	(2.10)

Due to their antidilutive effect, 539 and 724 potential shares related to stock options have been excluded from the computation of diluted income (loss) per share for the thirteen and twenty-six week periods ended August 27, 2022 and August 28, 2021, respectively. Also, excluded from the computation of diluted income (loss) per share for the thirteen and twenty-six week periods ended August 27, 2022 and August 28, 2021 are restricted shares of 1,811 and 1,574, respectively, which are included in shares outstanding.