Aveanna Healthcare Holdings, Inc. Earnings Per Share Disclosure
18. NET INCOME (LOSS) PER SHARE
The Company uses the treasury stock method to calculate net income (loss) per share. Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share is calculated by dividing net income (loss) by the diluted weighted average number of shares of common stock outstanding for the period. For purposes of this calculation, outstanding stock options, RSUs, and PSUs are considered potential dilutive shares of common stock. The following is a computation of basic and diluted net income (loss) per share (amounts in thousands, except per share amounts):
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For the fiscal years ended |
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January 3, 2026 |
|
December 28, 2024 |
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Numerator: |
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|
|
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Net income (loss) |
$ |
225,034 |
|
$ |
(10,929 |
) |
Denominator: |
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|
|
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Weighted average shares of common stock outstanding (1), basic |
|
203,526 |
|
|
192,893 |
|
Net income (loss) per share, basic |
$ |
1.11 |
|
$ |
(0.06 |
) |
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|
|
|
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Weighted average shares of common stock outstanding (1), diluted |
|
214,979 |
|
|
192,893 |
|
Net income (loss) per share, diluted |
$ |
1.05 |
|
$ |
(0.06 |
) |
Dilutive securities outstanding not included in the computation of diluted net income (loss) per share, as their effect is antidilutive: |
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|
|
|
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RSUs |
|
- |
|
|
9,153 |
|
PSUs |
|
- |
|
|
6,288 |
|
Stock options |
|
3,206 |
|
|
13,001 |
|
(1) The calculation of weighted average shares of common stock outstanding includes all vested deferred restricted stock units.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 19, 2026 | Showing above |
| 2024 | Mar 13, 2025 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.