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EARNINGS PER SHARE (“EPS”)

3 Months Ended

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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- References

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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