Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.20.4
Loss Per Share
12 Months Ended
Jan. 03, 2021
Earnings Per Share [Abstract]  
Loss Per Share

10.

Loss per share

The following table details the weighted average number of shares outstanding for the purposes of computing basic and diluted loss per share for:

 

Number of common shares

 

Year ended

January 3,

2021

 

 

Year ended

December 29,

2019

 

 

Year ended

December 30,

2018

 

Basic weighted average shares outstanding

 

 

28,244,244

 

 

 

25,745,499

 

 

 

19,176,198

 

Dilutive stock awards (a) (b)

 

 

 

 

 

 

 

 

 

Diluted weighted average shares outstanding

 

 

28,244,244

 

 

 

25,745,499

 

 

 

19,176,198

 

 

 

(a)

Dilutive stock awards include outstanding RSUs, in-the money stock options and outstanding exercisable warrants determined using the treasury stock method.

 

(b)

For the periods ended January 3, 2021, December 29, 2019 and December 30, 2018, as a result of a net loss for the periods, dilutive earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net earnings, dilutive stock awards would have been calculated as 1,474,297 for fiscal year ended January 3, 2021, 1,284,682 for the fiscal year ended December 29, 2019 and 1,331,226 for the fiscal year ended December 30, 2018.