Net Income (Loss) Per Common Share

9 Months Ended

Mar. 30, 2025

Basic net income (loss) per common share is computed by dividing the net income (loss) during the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of basic and diluted net income (loss) per common share:


	Three Months Ended				Nine Months Ended
	March 30, 2025		March 31, 2024		March 30, 2025		March 31, 2024

	(in thousands, except per share data)
Numerator:
Net income (loss)	$	(178,244)	$	(16,903)	$	(148,086)	$	14,762

Denominator:
Weighted average shares outstanding	63,598		64,489		63,877		64,703
Effect of dilutive stock options and unvested restricted stock awards	-		-		-		354

Diluted weighted-average shares outstanding	63,598		64,489		63,877		65,057

Net income (loss) per common share
Basic	$	(2.80)	$	(0.26)	$	(2.32)	$	0.23
Diluted	$	(2.80)	$	(0.26)	$	(2.32)	$	0.23