Earnings Per Share

12 Months Ended

Mar. 28, 2021

Earnings Per Share

Earnings Per Share

Note 14. Earnings Per Share

The Company presents the computation of earnings per share (“EPS”) on a basic and diluted basis. Basic EPS is computed by dividing net income by the weighted average number of shares outstanding during the reported period. Diluted earnings per share are computed similarly to basic earnings per share, except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential additional common shares that were dilutive had been issued. Shares of common stock are excluded from the calculation if they are determined to be anti-dilutive. In fiscal years 2021 and 2020, the Company had a net loss and accordingly recorded EPS by using only basic shares outstanding.

The following table presents the calculation of basic and diluted earnings per common share from continuing operations:

	Amounts in thousands, except per share amounts
Amounts in thousands, except per share amounts	2021		2020		2019
Earnings per share from continuing operations – Basic:
Net loss	$	(14,373)	$	(15,601)	$	(8,882)
Weighted average common shares outstanding – Basic		8,697		8,527		8,437
Earnings per common share from continuing operations – Basic	$	(1.65)	$	(1.83)	$	(1.05)
Earnings per share – Diluted:
Net loss	$	(14,373)	$	(15,601)	$	(8,882)
Weighted average common shares outstanding – Basic		8,697		8,527		8,437
Effect of dilutive options		—		—		—
Weighted average common shares outstanding – Diluted		8,697		8,527		8,437
Loss per common share from continuing operations – Diluted	$	(1.65)	$	(1.83)	$	(1.05)
Anti-dilutive equity awards not included above		755		852		94

At March 28, 2021, March 29, 2020, and March 31, 2019 stock options with respect to 925,000, 862,000 and 591,500 shares of common stock were outstanding, respectively. The anti-dilutive stock options outstanding at March 28, 2021, March 29, 2020, and March 31, 2019 total 755,000, 852,000 and 94,000, respectively.  There were no anti-dilutive Performance Stock Units or Restricted Stock Units outstanding as of March 28, 2021, March 29, 2020, and March 31, 2019.