Loss Per Share

12 Months Ended

Mar. 04, 2023

Loss Per Share

Loss Per Share

5. Loss Per Share

Basic loss per share is computed by dividing loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted 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 loss of the Company subject to anti-dilution limitations.

	March 4,		February 26,		February 27,
	2023		2022		2021
	(53 Weeks)		(52 Weeks)		(52 Weeks)
Basic and diluted loss per share:
Numerator:
Net loss from continuing operations	$	(719,188)	$	(522,372)	$	(99,381)
Net income from discontinued operations		—		—		9,161
Loss attributable to common stockholders — basic and diluted	$	(719,188)	$	(522,372)	$	(90,220)
Denominator:
Basic and diluted weighted average shares		54,680		54,055		53,653
Basic and diluted loss per share:
Continuing operations	$	(13.15)	$	(9.66)	$	(1.86)
Discontinued operations		—		—		0.18
Net basic and diluted loss per share	$	(13.15)	$	(9.66)	$	(1.68)

Due to their anti-dilutive effect, 532, 701 and 780 potential common shares related to stock options have been excluded from the computation of diluted loss per share as of March 4, 2023, February 26, 2022 and February 27, 2021, respectively. Also, excluded from the computation of diluted loss per share as of March 4, 2023, February 26, 2022 and February 27, 2021 are restricted shares of 1,476, 1,533 and 1,293, respectively, which are included in shares outstanding.