Earnings Per Share
|6 Months Ended|
Jul. 03, 2021
|Earnings Per Share [Abstract]|
|Earnings Per Share||Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The number of common shares covered by out-of-the-money stock options was approximately 645,000 shares as of July 3, 2021 and 872,000 shares as of June 27, 2020. Further, due to our net loss in the three and six month periods ended July 3, 2021 and June 27, 2020, the assumed exercise of stock compensation had an antidilutive effect and therefore was excluded from the computation of diluted loss per share.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef