v3.24.2.u1
Net (loss) Earnings Per Share
6 Months Ended
Jun. 28, 2024
Earnings Per Share [Abstract]  
Net (loss) Earnings Per Share Earnings Per Share
Basic earnings per share amounts are computed by dividing net income for the period by the weighted average number of common shares outstanding during the period. Diluted earnings per share amounts are computed by dividing net income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include shares issuable upon the exercise of outstanding stock options and vesting of RSUs and PSUs, which are reflected in diluted earnings per share by application of the treasury stock method.
The Company excluded 145 and 103 shares from the calculation of diluted earnings per share for the three and six months ended June 28, 2024, and 17 and 5 for the three and six months ended June 30, 2023, respectively, as these shares would have been antidilutive.
The following table presents the calculation of basic and diluted earnings per share:
For the three months endedFor the six months ended
June 28, 2024June 30, 2023June 28, 2024June 30, 2023
Net income$5,407 $39,735 $1,911 $81,502 
Weighted average shares used to compute basic earnings per share41,673 42,359 41,662 42,329 
Dilutive effect of employee stock plans32 121 55 163 
Weighted average shares used to compute diluted earnings per share41,705 42,480 41,717 42,492 
Earnings per share:
Basic$0.13 $0.94 $0.05 $1.93 
Diluted$0.13 $0.94 $0.05 $1.92