XML 41 R28.htm IDEA: XBRL DOCUMENT v3.22.2.2
Earnings Per Common Share (Tables)
12 Months Ended
Jul. 02, 2022
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Common Share

The following table sets forth the computation of our basic and diluted earnings (loss) per common share (in thousands, except per share amounts):

 

 

Fiscal Years Ended

 

 

 

July 2,

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Net earnings/(loss)

 

$

(59,003

)

 

$

2,982

 

 

$

(166,328

)

Less: Income to participating securities

 

 

 

 

 

(135

)

 

 

 

Net earnings/(loss) attributable to common shares

 

$

(59,003

)

 

$

2,847

 

 

$

(166,328

)

Weighted average common shares outstanding—basic

 

 

84,885

 

 

 

60,584

 

 

 

45,208

 

Effect of dilutive stock equivalents

 

 

 

 

 

1,105

 

 

 

 

Weighted average common shares outstanding—dilutive

 

 

84,885

 

 

 

61,689

 

 

 

45,208

 

Net earnings/(loss) per common share—basic

 

$

(0.70

)

 

$

0.05

 

 

$

(3.68

)

Net earnings/(loss) per common share—diluted

 

$

(0.70

)

 

$

0.05

 

 

$

(3.68

)