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EARNINGS PER SHARE ("EPS")
 3 Months Ended
Apr. 03, 2026
Earnings Per Share [Abstract]  
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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April 3,

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April 4,

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  ​ ​ ​

2026

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2025

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(in thousands, except per share amounts)

Net income (loss)

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$

8,530

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$

4,687

Weighted-average common shares outstanding

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14,740

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14,163

Effect of dilutive stock options and restricted stock awards

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650

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465

Weighted-average common shares outstanding-diluted

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15,390

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14,628

Earnings (Loss) per share:

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Basic

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$

0.58

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$

0.33

Diluted

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$

0.55

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$

0.32

 

 

For the three months ended April 3, 2026, the Company did not exclude any shares subject to outstanding equity awards from the calculation of diluted shares. For the three months ended April 4, 2025, the Company excluded 47,000 common shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive.

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