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EARNINGS PER SHARE ("EPS")
 6 Months Ended
Jul. 04, 2025
EARNINGS PER SHARE (EPS)  
EARNINGS PER SHARE (EPS)

11. EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and restricted stock awards using the treasury stock method.

The following table sets forth the number of weighted-average common shares outstanding used to compute basic and diluted EPS:

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Three months ended

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Six months ended

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July 4,

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June 28,

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July 4,

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June 28,

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2025

    

2024

    

2025

    

2024

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(in thousands, except per share amounts)

Net income (loss)

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$

15,436

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$

4,594

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$

20,123

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$

7,536

Weighted-average common shares outstanding

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14,444

​

 

13,725

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14,298

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13,665

Effect of dilutive stock options and restricted stock awards

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473

​

 

349

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480

​

 

336

Weighted-average common shares outstanding-diluted

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14,917

​

 

14,074

​

 

14,778

​

 

14,001

Earnings (Loss) per share:

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Basic

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$

1.07

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$

0.33

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$

1.41

​

$

0.55

Diluted

​

$

1.03

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$

0.33

​

$

1.36

​

$

0.54

 

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For the three and six months ended July 4, 2025, the Company excluded 3,000 and 1,000 common shares subject to outstanding equity awards, respectively, from the calculation of diluted shares because their impact would have been anti-dilutive. For the three and six months ended June 28, 2024, the Company excluded 273,000 and 409,000 common shares subject to outstanding equity awards, respectively, from the calculation of diluted shares because their impact would have been anti-dilutive.

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