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Note 15—Earnings Per Share
The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):
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Three Months Ended |
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Six Months Ended |
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April 2, 2022 |
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April 3, 2021 |
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April 2, 2022 |
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April 3, 2021 |
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Numerator: |
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Net loss |
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$ |
(7,440 |
) |
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$ |
(6,452 |
) |
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$ |
(21,891 |
) |
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$ |
(36,709 |
) |
Denominator: |
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Weighted average shares outstanding - basic |
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182,678 |
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186,810 |
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185,592 |
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181,900 |
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Effect of dilutive securities: |
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Stock options |
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— |
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— |
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— |
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— |
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RSUs |
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— |
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— |
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— |
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— |
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Weighted average shares outstanding - diluted |
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182,678 |
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186,810 |
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185,592 |
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181,900 |
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Basic earnings per share |
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$ |
(0.04 |
) |
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$ |
(0.03 |
) |
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$ |
(0.12 |
) |
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$ |
(0.20 |
) |
Diluted earnings per share |
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$ |
(0.04 |
) |
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$ |
(0.03 |
) |
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$ |
(0.12 |
) |
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$ |
(0.20 |
) |
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such shares would have been antidilutive (in thousands):
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Three Months Ended |
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Six Months Ended |
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April 2, 2022 |
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April 3, 2021 |
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April 2, 2022 |
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April 3, 2021 |
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Stock options |
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811 |
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760 |
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860 |
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|
437 |
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RSUs |
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2,467 |
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5,505 |
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2,652 |
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|
4,673 |
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Total |
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3,278 |
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6,265 |
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3,512 |
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5,110 |
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