| Reconciliation of shares used in the basic and diluted net income per share computation |
The following table reflects a reconciliation of the shares used in the basic and diluted net loss per share computation for the three and six months ended March 29, 2025 and March 30, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | (in thousands, except per share data) | March 29, 2025 | | March 30, 2024 | | | Basic | | Diluted | | Basic | | Diluted | | NUMERATOR: | | | | | | | | Net loss | $ | (84,519) | | | $ | (84,519) | | | $ | (102,680) | | | $ | (102,680) | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | Weighted average shares outstanding - Basic | 53,311 | | | 53,311 | | | 56,154 | | | 56,154 | | | | | | | | | | | Dilutive effect of Equity Plans | | | — | | | | | — | | | Weighted average shares outstanding - Diluted | | | 53,311 | | | | | 56,154 | | | EPS: | | | | | | | | Net loss per share - Basic | $ | (1.59) | | | $ | (1.59) | | | $ | (1.83) | | | $ | (1.83) | | | Effect of dilutive shares | | | — | | | | | — | | Net loss per share - Diluted | | | $ | (1.59) | | | | | $ | (1.83) | | | | | | | | | | Anti-dilutive shares(1) | | | 249 | | | | 416 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | (in thousands, except per share data) | March 29, 2025 | | March 30, 2024 | | | Basic | | Diluted | | Basic | | Diluted | | NUMERATOR: | | | | | | | | Net loss | $ | (2,877) | | | $ | (2,877) | | | $ | (93,387) | | | $ | (93,387) | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | Weighted average shares outstanding - Basic | 53,551 | | | 53,551 | | | 56,402 | | | 56,402 | | | Dilutive effect of Equity Plans | | | | | | | — | | | Weighted average shares outstanding - Diluted | | | 53,551 | | | | | 56,402 | | | EPS: | | | | | | | | Net loss per share - Basic | $ | (0.05) | | | $ | (0.05) | | | $ | (1.66) | | | $ | (1.66) | | | Effect of dilutive shares | | | — | | | | | — | | Net loss per share - Diluted | | | $ | (0.05) | | | | | $ | (1.66) | | | | | | | | | | Anti-dilutive shares(1) | | | 285 | | | | 412 |
(1) Represents the Time-based RSUs, Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three and six months ended March 29, 2025 and March 30, 2024 as the effect would have been anti-dilutive.
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