Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.21.2
Net Loss Per Share
9 Months Ended
Oct. 31, 2021
Net Loss Per Share  
Net Loss Per Share

(19) Net Loss Per Share

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method.

The following tables set forth the computation of basic and diluted earnings per share (in thousands, except number of shares and per share data):

Quarter-to date results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (PL)

From

From

Three months

August 28, 2021

August 1, 2020

ended October 31,

to October 31,

to August 27,

    

31, 2021

2020

2020

Net loss

$

(42,855)

(38,714)

 

3,268,895

Weighted average common shares outstanding:

 

  

  

 

  

Ordinary – Basic and Diluted (Predecessor (PL))

 

*

*

 

100.1

Class A and B – Basic and Diluted (Predecessor (SLH))

 

*

4,000

 

*

Ordinary – Basic and Diluted (Successor)

 

133,116

*

 

*

Net loss per share:

 

  

  

 

  

Ordinary – Basic and Diluted (Predecessor (PL))

 

*

*

 

$

32,656.29

Class A and B – Basic and Diluted (Predecessor (SLH))

 

*

$

(9.68)

*

Ordinary – Basic and Diluted (Successor)

$

(0.32)

*

*

*    Not Applicable

Year-to date results

Fiscal 2022

Fiscal 2021

Successor

Predecessor (SLH)

Predecessor (SLH)

Predecessor (PL)

From

From

From

From

June 12, 2021

February 1, 2021

August 27, 2020

February 1, 2020

to October 31,

to June 11,

to October 31,

to August 27,

    

2021

2021

2020

2020

Net loss

$

(54,708)

(49,264)

 

(38,714)

2,764,012

Weighted average common shares outstanding:

 

  

  

 

  

  

Ordinary – Basic and Diluted (Predecessor (PL))

 

*

*

 

*

100.1

Class A and B – Basic and Diluted (Predecessor (SLH))

 

*

4,000

 

4,000

*

Ordinary – Basic and Diluted (Successor)

 

133,096

*

 

*

*

Net loss per share:

 

  

  

 

  

  

Ordinary – Basic and Diluted (Predecessor (PL))

 

*

*

 

*

$

27,612.51

Class A and B – Basic and Diluted (Predecessor (SLH))

 

*

$

(12.32)

$

(9.68)

*

Ordinary – Basic and Diluted (Successor)

$

(0.41)

*

*

*

*    Not Applicable

During the three months ended October 31, 2021 (Successor) and the period from June 12, 2021 to October 31, 2021 (Successor), the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities was not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table contains share/unit totals with a potentially dilutive impact (in thousands):

    

Successor

  

  

Predecessor (SLH)

Warrants to purchase common shares

 

61,967

 

 

706

Stock Options

 

2,826

 

RSU’s

 

5,341

 

Total

 

70,134

 

 

706