Loss Per Share

9 Months Ended

Mar. 26, 2023

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 26, 2023	March 27, 2022	March 26, 2023	March 27, 2022






Net loss	($99.5)	($66.5)	($216.6)	($233.3)

Weighted average shares - basic and diluted (in thousands)	124,439	123,597	124,273	118,917





Loss per share - basic and diluted	($0.80)	($0.54)	($1.74)	($1.96)

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 both the three and nine months ended March 26, 2023, 2.9 million 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 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.

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.”