Earnings (Loss) per share

12 Months Ended

Dec. 28, 2024

Net loss per share is calculated using the weighted average number of shares of common stock outstanding during the applicable period. Basic weighted average common shares outstanding do not include shares of restricted stock that have not yet vested, although such shares are included as outstanding shares in the Company’s Consolidated Balance Sheet. Diluted net earnings per share is computed using the weighted average number of common shares outstanding, and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the additional common shares issuable with respect to restricted share awards, stock options and convertible preferred stock.

The following table presents the computation of basic and diluted net loss per share (in $000’s, except per share data):


	For the Years Ended
	December 28, 2024		December 30, 2023
Continuing Operations
Basic and diluted
Net (loss) income from continuing operations	$	(6,245)	$	(17,095)
Weighted average common shares outstanding	11,148,493		4,005,334
Basic and diluted (loss) income per share from continuing operations	$	(0.56)	$	(4.27)
Discontinued Operations
Basic
Net income from discontinued operations	$	—	$	9,283
Weighted average common shares outstanding	11,148,493		4,005,334
Basic income per share from discontinued operations	$	—	$	2.32
Diluted
Net income from discontinued operations	$	—	$	9,283
Weighted average common shares outstanding	11,148,493		4,444,361
Diluted income per share from discontinued operations	$	—	$	2.09
Total
Basic and diluted
Net (loss) income	$	(6,245)	$	(7,812)
Weighted average common shares outstanding	11,148,493		4,005,334
Basic and diluted (loss) income per share	$	(0.56)	$	(1.95)

Potentially dilutive securities totaling approximately 9.0 million and 3.9 million shares, respectively, were excluded from the calculation of diluted net earnings (loss) per share for the years ended December 28, 2024 and December 30, 2023 because the effects were anti-dilutive based on the application of the treasury stock method.