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Computation of Earnings Per Share
 12 Months Ended
Dec. 29, 2024
Earnings Per Share [Abstract]  
Computation of Earnings Per Share Computation of Earnings Per Share
Basic EPS is computed by dividing Net (loss) income by the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the sum of the weighted-average number of shares of common stock and potentially dilutive shares of common stock outstanding during the period. Potentially dilutive shares of common stock consist of shares issuable from stock options and unvested RSUs. Potentially dilutive shares of common stock from outstanding stock options and unvested RSUs are determined using the average share price for each period under the treasury stock method.
The following table presents the calculation of the weighted-average shares used in computing basic and diluted EPS in the respective periods:
Fiscal Year Ended
(In millions)202420232022
Basic weighted-average shares of common stock outstanding67.2 66.8 56.8 
Dilutive potential shares issuable from stock options and RSUs (1)
— — 0.6 
Diluted weighted-average shares of common stock outstanding67.2 66.8 57.4 
(1) In fiscal years ended 2024 and 2023, all potential shares of common stock issuable for stock options and RSUs were excluded from the dilutive calculations above because the effect of including them would have been anti-dilutive. The dilutive effect of potential shares of common stock issuable for stock options and RSUs on the weighted-average number of shares of common stock outstanding would have been as follows:
Fiscal Year Ended
(In millions)20242023
Basic weighted-average shares of common stock outstanding67.2 66.8 
Dilutive potential shares issuable from stock options and RSUs0.2 0.5 
Diluted weighted-average shares of common stock outstanding67.4 67.3 
Stock options and RSUs where the combined exercise price and unrecognized stock-based compensation was greater than the average market price for the Company’s common stock were not included in the computations of diluted weighted-average shares because the effect would have been anti-dilutive under the treasury stock method. These stock options and RSUs represented 1.8 million, 1.6 million and 0.9 million shares of common stock for fiscal years ended 2024, 2023 and 2022, respectively.