Loss Per Share

9 Months Ended

Mar. 27, 2022

The details of the computation of basic and diluted loss per share are as follows:


	Three months ended		Nine months ended
(in millions of U.S. Dollars, except share data)	March 27, 2022	March 28, 2021	March 27, 2022	March 28, 2021
Net loss from continuing operations	($66.5)	($66.5)	($233.3)	($196.1)

Net loss from discontinued operations	—	(41.6)	—	(178.8)
Net income from discontinued operations attributable to noncontrolling interest	—	0.8	—	1.4
Net loss from discontinued operations attributable to controlling interest	$—	($42.4)	$—	($180.2)



Weighted average shares - basic and diluted (in thousands)	123,597	112,891	118,917	112,330

Loss per share - basic and diluted:
Continuing operations	($0.54)	($0.59)	($1.96)	($1.75)
Discontinued operations attributable to controlling interest	$—	($0.38)	$—	($1.60)

Diluted net loss per share is the same as basic net loss per share for the periods presented due to potentially dilutive items being anti-dilutive given the Company's net loss from continuing operations.

For the three and nine months ended March 27, 2022, 2.3 million and 2.4 million, respectively, of weighted average shares were excluded from the calculation of diluted loss per share because their effect would be anti-dilutive. For the three and nine months ended March 28, 2021, 3.1 million and 3.6 million, respectively, of weighted average shares were excluded from the calculation of diluted loss per share because their effect would be anti-dilutive.

In addition, future earnings per share of the Company are also subject to dilution from conversion of the 2026 Notes and 2028 Notes under certain conditions as described in Note 9, “Long-term Debt.”