Earnings Per Share
|3 Months Ended|
Mar. 28, 2020
|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 785,000 shares as ofMarch 28, 2020 and 154,000 shares as of March 30, 2019. Further, due to our net loss in the three month period ended March 28, 2020, the assumed exercise of stock compensation had an antidilutive effect and therefore was excluded from the computation of diluted loss per share. The number of instruments not included in the computation of diluted loss per share was 440,211 as of March 28, 2020.
The entire disclosure for earnings per share.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef