Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jun. 27, 2025

Basic and Diluted Net Income (Loss) Per Share

Note 13 — Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):


	Three Months Ended					Six Months Ended
	June 27, 2025			June 28, 2024		June 27, 2025			June 28, 2024
Numerator:
Net income (loss)	$	(16,812	)	$	7,379	$	(71,023	)	$	4,040
Denominator:
Weighted average common shares:
Common shares outstanding		49,520			49,127		49,432			49,018
Denominator for basic calculation		49,520			49,127		49,432			49,018
Weighted average effects of potentially diluted common stock:
Stock options		—			468		—			407
Unvested restricted stock		—			7		—			6
RSUs		—			109		—			57
PSUs		—			100		—			41
Denominator for diluted calculation		49,520			49,811		49,432			49,529
Net income (loss) per share:
Basic	$	(0.34	)	$	0.15	$	(1.44	)	$	0.08
Diluted	$	(0.34	)	$	0.15	$	(1.44	)	$	0.08

Because the Company had a net loss for the three and six months ended June 27, 2025, the number of diluted shares is equal to the number of basic shares. The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.


	Three Months Ended				Six Months Ended
	June 27, 2025		June 28, 2024		June 27, 2025		June 28, 2024
Stock options		7,128		3,031		7,089		3,275
Restricted stock, RSUs and PSUs		1,009		180		885		63
Total		8,137		3,211		7,974		3,338