National Vision Holdings Inc
For the period ended Sep 28, 2024. Filed Nov 6, 2024.
View on SEC.govAbout this filing
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.
Sep 28, 2024 · Filed Nov 6, 2024
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13. Earnings (Loss) Per Share
- Earnings (Loss) Per Share
Diluted earnings / (loss) per share (“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 anti-dilutive for the three and nine months ended September 28, 2024 and September 30, 2023. A reconciliation of the numerators and denominators of the basic and diluted EPS calculations is as follows:
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| In Thousands, Except Earnings / (Loss) Per Share | September 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023 |
| Numerator: | ||||
| Income (loss) from continuing operations, net of tax | $(8,440) | $(366) | $2,272 | $18,285 |
| Income (loss) from discontinued operations, net of tax | $(28) | $(73,432) | $(2,180) | $(68,199) |
| Net income (loss) | $(8,468) | $(73,798) | $92 | $(49,914) |
| Denominator: | ||||
| Weighted average shares outstanding, Basic | 78,655 | 78,163 | 78,538 | 78,328 |
| Effect of dilutive securities: | ||||
| Stock options | — | — | 29 | 96 |
| Restricted stock units | — | — | 180 | 222 |
| Weighted average shares outstanding, Diluted | 78,655 | 78,163 | 78,747 | 78,646 |
| Basic earnings (loss) per share: | ||||
| Continuing operations | $(0.11) | $(0.00) | $0.03 | $0.23 |
| Discontinued operations | $(0.00) | $(0.94) | $(0.03) | $(0.87) |
| Total | $(0.11) | $(0.94) | $0.00 | $(0.64) |
| Diluted earnings (loss) per share: | ||||
| Continuing operations | $(0.11) | $(0.00) | $0.03 | $0.23 |
| Discontinued operations | $(0.00) | $(0.94) | $(0.03) | $(0.87) |
| Total | $(0.11) | $(0.94) | $0.00 | $(0.63) |
| Anti-dilutive securities excluded from diluted weighted average common shares | 7,879 | 14,166 | 9,995 | 13,729 |
| Some of the totals in the table above may not foot due to rounding differences | ||||
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