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NET INCOME (LOSS) PER SHARE
9 Months Ended
Sep. 27, 2025
Net income (loss) per share  
NET INCOME (LOSS) PER SHARE

6. NET INCOME (LOSS) PER SHARE

 

Basic net income (loss) per share is computed using the weighted-average number of shares of common stock outstanding during the period including the pre-funded warrants, less any unvested restricted shares. Diluted net income (loss) per share is calculated using weighted-average shares outstanding, including the pre-funded warrants, and contingently issuable shares, less weighted-average shares reacquired during the period. The net outstanding shares are adjusted for the dilutive effect of shares issuable upon the assumed conversion of the Company’s common stock equivalents, which consist of unvested restricted stock.

 

Weighted average common shares outstanding used to calculate earnings per share are as follows:

 

   September 27, 2025   September 28, 2024   September 27, 2025   September 28, 2024 
   Three Months Ended   Nine Months Ended 
   September 27, 2025   September 28, 2024   September 27, 2025   September 28, 2024 
Weighted average common shares outstanding-basic   166,618,201    124,318,056    166,362,609    121,944,597 
Stock options and nonvested restricted common stock    2,830,495             
Weighted average common shares outstanding-diluted   169,448,696    124,318,056    166,362,609    121,944,597 

 

The following were not included in weighted-average common shares outstanding-diluted because they are anti-dilutive:

  

   Three Months
Ended
   Three Months
Ended
   Nine Months
Ended
   Nine Months
Ended
 
   September 27, 2025  

September 28, 2024

   September 27, 2025  

September 28, 2024

 
Non-vested restricted common stock   6,181,118    5,510,914    6,181,118    5,510,914 
Stock options           591,366