Loss Per Share

3 Months Ended

Sep. 24, 2023

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


	Three months ended
(in millions of U.S. Dollars, except share data)		September 24, 2023	September 25, 2022
Net loss from continuing operations		($123.6)	($14.1)



Net loss from discontinued operations		($272.1)	($12.1)



Weighted average shares - basic and diluted (in thousands)		125,105	124,035

Loss per share - basic and diluted:
Continuing operations		($0.99)	($0.11)
Discontinued operations		($2.17)	($0.10)

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 months ended September 24, 2023 and September 25, 2022, 3.3 million and 2.6 million of weighted average shares, respectively, were excluded from the calculation of diluted loss per share because their effect would be anti-dilutive.

Future earnings per share of the Company are also subject to dilution from conversion of its Outstanding Convertible Notes under certain conditions as described in Note 9, “Long-term Debt.”