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Earnings Per Share | 12 Months Ended
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Jan. 03, 2025
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. 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 3.3 million and 4.1 million employee stock options as of January 3, 2025 and December 29, 2023, respectively, and 3.0 million and 0.6 million restricted stock units as of January 3, 2025 and December 29, 2023, respectively, 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:
|  | Fiscal Year Ended |
(In thousands, except per share data) |  | January 3, 2025 |  |  | December 29, 2023 |
Numerator: |  |  |  |  |  |
Net loss attributable to Shimmick Corporation |  | $ | (124,748 | ) |  | $ | (2,546 | )
Numerator for basic and diluted EPS |  | $ | (124,748 | ) |  | $ | (2,546 | )
Denominator: |  |  |  |  |  |
Denominator for basic EPS - weighted average shares |  |  | 30,406 |  |  |  | 22,356 |
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 |  |  | 30,406 |  |  |  | 22,356 |
Basic EPS |  | $ | (4.10 | ) |  | $ | (0.11 | )
Diluted EPS |  | $ | (4.10 | ) |  | $ | (0.11 | )

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