National Vision Holdings Inc
For the period ended Mar 30, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 8, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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. Earnings Per Share
- Earnings Per Share
Diluted EPS related to the 2025 Notes is calculated using the if-converted method; the number of dilutive shares is based on the initial conversion rate associated with the 2025 Notes. The 2025 Notes were dilutive for the three months ended April 1, 2023. A reconciliation of the numerators and denominators of the basic and diluted EPS calculations is as follows:
| Three Months Ended | ||
|---|---|---|
| In thousands, except EPS | March 30, 2024 | April 1, 2023 |
| Basic earnings per share | ||
| Numerator: | ||
| Income from continuing operations, net of tax | $12,239 | $15,973 |
| Income (loss) from discontinued operations, net of tax | (554) | 2,297 |
| Net income | $11,685 | $18,270 |
| Denominator: | ||
| Weighted average shares outstanding, Basic | 78,384 | 78,721 |
| Basic EPS | ||
| Continuing operations | $0.16 | $0.20 |
| Discontinued operations | $(0.01) | $0.03 |
| Total | $0.15 | $0.23 |
| Diluted earnings per share | ||
| Numerator: | ||
| Income from continuing operations, net of tax | $12,239 | $15,973 |
| After-tax interest expense for 2025 Notes | — | 2,359 |
| Numerator for diluted EPS from continuing operations | $12,239 | $18,332 |
| Income (loss) from discontinued operations, net of tax | $(554) | $2,297 |
| Denominator: | ||
| Weighted average shares outstanding, Basic | 78,384 | 78,721 |
| Effect of dilutive securities: | ||
| Stock options | 60 | 148 |
| Restricted stock units | 382 | 356 |
| 2025 Notes | — | 12,911 |
| Weighted average shares outstanding, Diluted | 78,826 | 92,136 |
| Diluted EPS | ||
| Continuing operations | $0.16 | $0.20 |
| Discontinued operations | $(0.01) | $0.02 |
| Total | $0.15 | $0.22 |
| Anti-dilutive securities excluded from diluted weighted average common shares | 10,909 | 525 |
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