Diluted Earnings Per Share

9 Months Ended

Feb. 23, 2020

The following table sets forth the computation of diluted earnings per share:


	Three Months Ended						Nine Months Ended
(In thousands, except per share amounts)	February 23, 2020		February 24, 2019		February 23, 2020		February 24, 2019
Numerator:
Net (loss) income applicable to common stockholders	$	(11,518)	$	1,067	$	(23,042)	$	672
Denominator:
Weighted average shares for basic net loss per share	29,170		28,919		29,155		28,140
Effect of dilutive securities:
Stock options and restricted stock units	—		232		—		259
Weighted average shares for diluted net loss per share	29,170		29,151		29,155		28,399

Diluted net (loss) income per share	$	(0.39)	$	0.04	$	(0.79)	$	0.02

Due to the Company’s net loss for the three and nine months ended February 23, 2020, the net loss per share includes only weighted average shares outstanding and thus excludes 0.2 million and 0.2 million, respectively, of outstanding options and RSUs as such impacts would be antidilutive for this period.

For the three and nine months ended February 23, 2019, the computation of the diluted net income per share excludes the impact of options to purchase 1.9 million and 1.6 million shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.