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Per Share Data (Tables)
6 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

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

)