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Earnings Per Share (Tables)
6 Months Ended
Jun. 28, 2024
Earnings Per Share [Abstract]  
Summary of computation of basic and diluted EPS

The computation of basic and diluted EPS is as follows:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(In thousands, except per share data)

 

June 28, 2024

 

 

June 30, 2023

 

 

June 28, 2024

 

 

June 30, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to Shimmick Corporation

 

$

(51,389

)

 

$

(10,300

)

 

$

(84,722

)

 

$

(19,637

)

Numerator for basic and diluted EPS

 

$

(51,389

)

 

$

(10,300

)

 

$

(84,722

)

 

$

(19,637

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic EPS - weighted average shares

 

 

28,086

 

 

 

21,909

 

 

 

26,817

 

 

 

21,909

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

Dilutive potential common shares

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted EPS - adjusted weighted average shares and assumed conversions

 

 

28,086

 

 

 

21,909

 

 

 

26,817

 

 

 

21,909

 

Basic earnings per common share

 

$

(1.83

)

 

$

(0.47

)

 

$

(3.16

)

 

$

(0.90

)

Diluted earnings per common share

 

$

(1.83

)

 

$

(0.47

)

 

$

(3.16

)

 

$

(0.90

)