10. Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share were calculated as follows (shares in thousands):

			Quarter ended						Two quarters ended
			July 1, 2023			July 2, 2022			July 1, 2023			July 2, 2022
Basic Earnings (Loss) Per Share
Numerator for basic earnings (loss) per share:
	Earnings (loss) from continuing operations	$	(18,838	)	$	2,285		$	(17,461	)	$	3,287
	Less: dividends and accretion on preferred stock		(422	)		(760	)		(1,126	)		(1,515	)
	Earnings (loss) from continuing operations attributable to common shareholders		(19,260	)		1,525			(18,587	)		1,772
	Earnings (loss) from discontinued operations		-			(814	)		-			2,752
	Earnings (loss) attributable to common shareholders	$	(19,260	)	$	711		$	(18,587	)	$	4,524

Denominator for basic earnings (loss) per share:
	Basic weighted-average number of shares outstanding		115,471			107,622			112,743			107,510

Basic earnings (loss) per share:
	Earnings (loss) from continuing operations	$	(0.17	)	$	0.01		$	(0.16	)	$	0.02
	Earnings (loss) from discontinued operations		-			(0.01	)		-			0.03
	Earnings (loss) attributable to common shareholders⁽¹⁾	$	(0.17	)	$	0.01		$	(0.16	)	$	0.04

Diluted Earnings (Loss) Per Share
Numerator for diluted earnings (loss) per share:
	Earnings (loss) from continuing operations	$	(18,838	)	$	2,285		$	(17,461	)	$	3,287
	Less: dividends and accretion on preferred stock		(422	)		(760	)		(1,126	)		(1,515	)
	Earnings (loss) from continuing operations attributable to common shareholders		(19,260	)		1,525			(18,587	)		1,772
	Earnings (loss) from discontinued operations		-			(814	)		-			2,752
	Earnings (loss) attributable to common shareholders	$	(19,260	)	$	711		$	(18,587	)	$	4,524

Denominator for diluted earnings (loss) per share:
	Basic weighted-average number of shares outstanding		115,471			107,622			112,743			107,510
	Dilutive effect of the following:
	Stock options, restricted stock units and performance share units⁽²⁾		-			1,045			-			985
	Series B-1 Preferred Stock⁽³⁾		-			-			-			-
	Diluted weighted-average number of shares outstanding		115,471			108,667			112,743			108,495

Diluted earnings (loss) per share:
	Earnings (loss) from continuing operations	$	(0.17	)	$	0.01		$	(0.16	)	$	0.02
	Earnings (loss) from discontinued operations		-			(0.01	)		-			0.03
	Earnings (loss) attributable to common shareholders⁽¹⁾	$	(0.17	)	$	0.01		$	(0.16	)	$	0.04

(1) The sum of the individual per share amounts may not add due to rounding.

(2) For the quarter and two quarters ended July 1, 2023, 1,024,173 and 1,974,484 potential common shares, respectively, were excluded from the calculation of diluted loss per share due to their effect of reducing the loss per share from continuing operations. Dilutive potential common shares consist of stock options, RSUs, and certain contingently issuable PSUs. For the quarter and two quarters ended July 1, 2023, stock options and RSUs to purchase or receive 2,204,546 (July 2, 2022 - 2,544,112) and 2,192,755 (July 2, 2022 - 2,551,746) potential common shares, respectively, were anti-dilutive because the assumed proceeds exceeded the average market price of the Common Shares for the respective periods.

(3) For the quarter and two quarters ended July 1, 2023 and July 2, 2022, it was more dilutive to assume the Series B-1 Preferred Stock was not converted into Common Shares and, therefore, the numerator of the diluted earnings per share calculation was not adjusted to add back the dividends and accretion on the Series B-1 Preferred Stock and the denominator was not adjusted to include the 6,089,333 and 12,178,667 Common Shares issuable on an if-converted basis as at July 1, 2023 and July 2, 2022, respectively.