XML 21 R11.htm IDEA: XBRL DOCUMENT v3.23.1
Diluted Earnings Per Share
9 Months Ended
Feb. 26, 2023
Earnings Per Share [Abstract]  
Diluted Earnings Per Share Diluted Earnings Per Share 
The following table sets forth the computation of diluted earnings per share:

Three Months EndedNine Months Ended
(In thousands, except per share amounts)
February 26, 2023February 27, 2022February 26, 2023February 27, 2022
Numerator:  
Net loss$(40,192)$(13,086)$(63,992)$(61,116)
Denominator:
Weighted average shares for basic net loss per share30,304 29,482 29,838 29,459 
Effect of dilutive securities:
Convertible preferred stock— — — — 
Stock options and restricted stock units— — — — 
Weighted average shares for diluted net loss per share30,304 29,482 29,838 29,459 
Basic and Diluted net loss per share$(1.33)$(0.45)$(2.14)$(2.07)

Due to the Company’s net loss for the three and nine months ended February 26, 2023 and February 27, 2022, the net loss per share includes only the weighted average shares outstanding and thus excludes RSUs, stock options and Convertible Preferred Stock, as such impact would be antidilutive. See Note 2 for more information on outstanding convertible preferred stock and Note 3 for more information on outstanding RSUs and stock options.