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EARNINGS PER SHARE (“EPS”) | 3 Months Ended
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Apr. 03, 2026
Earnings Per Share [Abstract] |
EARNINGS PER SHARE (“EPS”) | EARNINGS PER SHARE (“EPS”) The following table sets forth a reconciliation of the information used in computing basic and diluted EPS (in thousands, except per share amounts):
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Numerator for basic and diluted EPS: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 16,506 |  |  | $ | (22,465) |  |  |  |  |
Loss from discontinued operations | — |  |  | (22) |  |  |  |  |
Net income (loss) | $ | 16,506 |  |  | $ | (22,487) |  |  |  |  |
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Weighted average shares outstanding - Basic | 34,278 |  |  | 33,916 |  |  |  |  |
Dilutive effect of share-based awards | 155 |  |  | — |  |  |  |  |
Weighted average shares outstanding - Diluted | 34,433 |  |  | 33,916 |  |  |  |  |
Basic earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.48 |  |  | $ | (0.66) |  |  |  |  |
Loss from discontinued operations | — |  |  | — |  |  |  |  |
Basic earnings (loss) per share | $ | 0.48 |  |  | $ | (0.66) |  |  |  |  |
Diluted earnings (loss) per share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.48 |  |  | $ | (0.66) |  |  |  |  |
Loss from discontinued operations | $ | — |  |  | $ | — |  |  |  |  |
Diluted earnings (loss) per share | $ | 0.48 |  |  | $ | (0.66) |  |  |  |  |
For periods in which the Company has reported a loss from continuing operations, diluted earnings (loss) per share is the same as basic earnings (loss) per share, as the effects of common stock equivalents outstanding and shares issuable upon conversion of convertible debt instruments are antidilutive and, therefore, excluded from the calculation of diluted earnings (loss) per share. During the three months ended April 3, 2026, the potential conversion of the Convertible Notes was not included in the diluted earnings per share calculation because the average closing price of the Company's common stock for the period, which is used as the basis for determining the dilutive effect on earnings per share, was less than the applicable conversion price. The following table sets forth potential shares of Common Stock that are not included in the diluted earnings per share calculation above because to do so would be anti-dilutive for the periods indicated (in thousands):
| Three Months Ended |  |
| April 3, 2026 |  | March 28, 2025 |  |  |  |
Stock options and RSUs | 80 |  |  | 432 |  |  |  |  |
PRSUs | 84 |  |  | 226 |  |  |  |  |
Common Stock issuable upon conversion of the 2028 Notes | — |  |  | 1,649 |  |  |  |  |

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