Basic and Diluted Net Income (Loss) Per Share

9 Months Ended

Sep. 26, 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				Nine Months Ended
	September 26, 2025		September 27, 2024		September 26, 2025			September 27, 2024
Numerator:
Net income (loss)	$	8,884	$	9,980	$	(62,139	)	$	14,020
Denominator:
Weighted average common shares:
Common shares outstanding		49,633		49,199		49,499			49,078
Denominator for basic calculation		49,633		49,199		49,499			49,078
Weighted average effects of potentially diluted common stock:
Stock options		96		339		—			384
Unvested restricted stock		—		1		—			4
RSUs		452		83		—			84
PSUs		368		109		—			64
Denominator for diluted calculation		50,549		49,731		49,499			49,614
Net income (loss) per share:
Basic	$	0.18	$	0.20	$	(1.26	)	$	0.29
Diluted	$	0.18	$	0.20	$	(1.26	)	$	0.28

Because the Company had a net loss for the nine months ended September 26, 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				Nine Months Ended
	September 26, 2025		September 27, 2024		September 26, 2025		September 27, 2024
Stock options		4,322		3,484		6,090		3,350
Restricted stock, RSUs and PSUs		338		204		889		64
Total		4,660		3,688		6,979		3,414