Loss Per Share

6 Months Ended

Dec. 25, 2022

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


	Three months ended		Six months ended
(in millions of U.S. Dollars, except share data)	December 25, 2022	December 26, 2021	December 25, 2022	December 26, 2021






Net loss	($90.9)	($96.7)	($117.1)	($166.8)

Weighted average shares - basic and diluted (in thousands)	124,344	117,218	124,190	117,068





Loss per share - basic and diluted	($0.73)	($0.82)	($0.94)	($1.42)

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.

For the three and six months ended December 25, 2022, 2.8 million and 2.8 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 six months ended December 26, 2021, 3.1 million and 3.3 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, 2028 Notes and 2029 Notes under certain conditions as described in Note 9, “Long-term Debt.”