XML 24 R17.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings Per Share | 9 Months Ended
--- | ---
Sep. 27, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | Note 9. Earnings Per Share Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director stock options and restricted stock units. Stock options are considered dilutive whenever the exercise price is less than the average market price of the stock during the period and antidilutive whenever the exercise price exceeds the average market price of the common stock during the period. All 3.4 million and 4.3 million employee stock options for the three and nine months ended September 27, 2024 and September 29, 2023, respectively, and 2.4 million restricted stock units for the three and nine months ended September 27, 2024 were excluded from the calculation of diluted earnings per share as they are antidilutive to the EPS calculation. The computation of basic and diluted EPS is as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
(In thousands, except per share data) |  | September 27, 2024 |  |  | September 29, 2023 |  |  | September 27, 2024 |  |  | September 29, 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income attributable to Shimmick Corporation |  | $ | (1,564 | ) |  | $ | 34,567 |  |  | $ | (86,286 | ) |  | $ | 14,930 |
Numerator for basic and diluted EPS |  | $ | (1,564 | ) |  | $ | 34,567 |  |  | $ | (86,286 | ) |  | $ | 14,930 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS - weighted average shares |  |  | 33,723 |  |  |  | 21,914 |  |  |  | 29,127 |  |  |  | 21,910 |
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 |  |  | 33,723 |  |  |  | 21,914 |  |  |  | 29,127 |  |  |  | 21,910 |
Basic earnings per common share |  | $ | (0.05 | ) |  | $ | 1.58 |  |  | $ | (2.96 | ) |  | $ | 0.68 |
Diluted earnings per common share |  | $ | (0.05 | ) |  | $ | 1.58 |  |  | $ | (2.96 | ) |  | $ | 0.68 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration