Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.22.4
Earnings Per Share
3 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings Per Share

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):

 

 

Three Months Ended

 

 

 

December 31, 2022

 

 

January 1, 2022

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(30,259

)

 

$

(14,451

)

Denominator:

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

$

183,513

 

 

 

188,507

 

Effect of dilutive securities:

 

 

 

 

 

 

Stock Options

 

 

 

 

 

 

RSUs

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

 

183,513

 

 

 

188,507

 

 

 

 

 

 

 

 

Basic earnings per share

 

$

(0.16

)

 

$

(0.08

)

Diluted earnings per share

 

$

(0.16

)

 

$

(0.08

)

 

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):

 

 

 

 

Three Months Ended

 

 

 

 

December 31, 2022

 

 

January 1, 2022

 

Stock Options

 

 

 

3,699

 

 

 

2,214

 

RSUs

 

 

 

1,969

 

 

 

240

 

Total

 

 

 

5,668

 

 

 

2,454