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Basic and Diluted Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 27, 2025
Earnings Per Share [Abstract]  
Summary of Computation of 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

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

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