Basic earnings (net loss) per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted earnings (net loss) per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted earnings (net loss) per share:


	Three Months Ended					Six Months Ended
	July 1,		July 2,			July 1,			July 2,
	2023		2022			2023			2022
Numerator:
Net income (loss)	$	50,828	$	(4,623	)	$	(67,851	)	$	(12,866	)
Denominator:
Weighted average shares of common stock outstanding		78,007		70,305			74,302			70,195
Effect of dilutive common stock equivalents		584		—			—			—
Weighted average diluted common shares outstanding		78,591		70,305			74,302			70,195
Earnings (net loss) per share
Basic	$	0.65	$	(0.07	)	$	(0.91	)	$	(0.18	)
Diluted	$	0.65	$	(0.07	)	$	(0.91	)	$	(0.18	)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted earnings (net loss) per share was 9,068 and 8,732 for the three months ended July 1, 2023 and July 2, 2022, respectively. The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted net loss per share was 9,485 and 7,848 for the six months ended July 1, 2023 and July 2, 2022, respectively.