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Earnings Per Share | 9 Months Ended
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Oct. 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 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 1.9 million and 3.4 million employee stock options as of October 3, 2025 and September 27, 2024, respectively, and 1.8 million and 2.4 million restricted stock units as of October 3, 2025 and September 27, 2024, 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:
|  | Three Months Ended |  |  | Nine Months Ended |
(In thousands, except per share data) |  | October 3, 2025 |  |  | September 27, 2024 |  |  | October 3, 2025 |  |  | September 27, 2024 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss attributable to Shimmick Corporation |  | $ | (4,396 | ) |  | $ | (1,564 | ) |  | $ | (22,691 | ) |  | $ | (86,286 | )
Numerator for basic and diluted EPS |  | $ | (4,396 | ) |  | $ | (1,564 | ) |  | $ | (22,691 | ) |  | $ | (86,286 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Denominator for basic EPS - weighted average shares |  |  | 35,397 |  |  |  | 33,723 |  |  |  | 34,886 |  |  |  | 29,127 |
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 |  |  | 35,397 |  |  |  | 33,723 |  |  |  | 34,886 |  |  |  | 29,127 |
Basic earnings per common share |  | $ | (0.12 | ) |  | $ | (0.05 | ) |  | $ | (0.65 | ) |  | $ | (2.96 | )
Diluted earnings per common share |  | $ | (0.12 | ) |  | $ | (0.05 | ) |  | $ | (0.65 | ) |  | $ | (2.96 | )

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