WEN » Topics » Loss Per Share

This excerpt taken from the WEN 8-K filed Dec 27, 2007.
Loss Per Share

     The as reported or as restated, as applicable, and pro forma basic and diluted loss from continuing operations per share has been computed by dividing the allocated loss from continuing operations for the Company's class A common stock and the Company's class B common stock by the weighted average number of shares outstanding of each class. The as reported, or as restated, and pro forma loss from continuing operations was allocated equally among each share of the Company’s class A common stock and the Company’s class B common stock, resulting in the same respective loss per share. Basic and

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NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS – (continued)

diluted loss per share are the same since the as reported, or as restated, and pro forma results from operations result in losses from continuing operations and, therefore, the effect of all potentially dilutive securities on the losses from continuing operations per share would have been antidilutive.

     Loss from continuing operations per share has been computed by allocating such loss as follows (in thousands):

             
Nine Months
 
     
Year Ended
       
Ended
 
                     
December 31,
   
September 30,
 
     
2006
   
2007
 
  Class A common stock:                
           As reported or restated   $ (3,404 )   $ (5,334 )
           Pro forma     (2,546 )     (1,573 )
  Class B common stock:                
           As reported or restated     (7,399 )     (11,748 )
           Pro forma     (5,533 )     (3,465 )

     The number of shares used to calculate both the as reported or as restated, as applicable, and the pro forma basic and diluted loss from continuing operations per share were as follows (in thousands):

                          Nine Months
      Year Ended       Ended
      December 31,   September 30,
      2006   2007
  Weighted average shares outstanding:        
     Class A common stock   27,301  
28,821
     Class B common stock   59,343  
63,478

"Loss Per Share" elsewhere:

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