Net Loss per Unit

6 Months Ended

12 Months Ended

Mar. 26, 2022

Sep. 25, 2021

9. Net Loss Per Unit

The following table sets forth the computation of basic and diluted loss per unit attributable to Class A Units and Class C Units (in thousands, except unit and per unit information) for the three and six month periods ending March 26, 2022 and March 27, 2021:


	Three Months Ended						Six Months Ended
	March 26, 2022			March 27, 2021			March 26, 2022			March 27, 2021
Basic and diluted loss attributable to Class A and Class C Units:
Net loss	$	(29,903	)	$	(26,855	)	$	(52,956	)	$	(53,058	)
Return on redeemable Preferred Units		(8,641	)		(8,231	)		(17,282	)		(16,460	)

Loss attributable to Class A Units and Class C Units	$	(38,544	)	$	(35,086	)	$	(70,238	)	$	(69,518	)

Weighted average units used in computing loss per unit attributable to Class A Units and Class C Units, basic and diluted		6,872,944			6,426,203			6,682,894			6,426,203

Loss per unit attributable to Class A Units and Class C Units, basic and diluted	$	(5.61	)	$	(5.46	)	$	(10.51	)	$	(10.82	)

Since the Company incurred net losses for each of the periods presented, diluted net loss per unit is the same as basic net loss per unit.

All

of the Company’s outstanding Warrants (defined below) were excluded in the calculation of diluted net loss per unit as the effect would be anti-dilutive.

14. Net Loss per Unit

Loss per unit attributable to Class A Units and Class C Units is calculated as the sum of net loss plus the undeclared cumulative return on Preferred Units divided by the average number of Class A Units and Class C Units outstanding for the period. Changes in the redemption value of the Class C Units are not included in the calculation of net loss attributable to Class A Units and Class C Units because the Class C Units are redeemable at intrinsic value. Therefore, the redemption does not represent an economic benefit to the holders of Class C Units that is different from what is received by other unit holders. Since the Company incurred net losses for each of the periods presented, diluted net loss per unit is the same as basic net loss per unit. The Company’s outstanding Warrant Units were excluded in the calculation of diluted net loss per unit as the effect would be anti-dilutive. There were no potentially dilutive securities for the years ended September 25, 2021 or September 26, 2020 and therefore, the basic and diluted loss per unit have been presented together.

The following table sets forth the computation of basic and diluted loss per unit attributable to Class A Units and Class C Units (in thousands, except unit and per unit information):


	Year Ended
	September 25, 2021			September 26, 2020			September 28, 2019
Basic and diluted loss attributable to Class A and Class C Units:
Net loss	$	(122,314	)	$	(109,521	)	$	(104,361	)
Returns on redeemable Preferred Units		(32,919	)		(29,565	)		(25,181	)

Loss attributable to Class A Units and Class C Units	$	(155,233	)	$	(139,086	)	$	(129,542	)

Weighted average units used in computing loss per unit attributable to Class A Units and Class C Units, basic and diluted		6,426,203			6,426,203			6,426,203

Loss per unit attributable to Class A Units and Class C Units, basic and diluted	$	(24.16	)	$	(21.64	)	$	(20.16	)