Net Loss Per Share

6 Months Ended

Jun. 28, 2025

Net Income Per Share

Basic net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Diluted net income per share gives effect to all potentially dilutive common equivalent shares outstanding for the period under the treasury stock method.

Basic and diluted net income per share were as follows:


	Thirteen Weeks Ended				Twenty-Six Weeks Ended
(in thousands, except per share data)	June 28, 2025		June 29, 2024		June 28, 2025		June 29, 2024
Numerator
Net income	$	18,917	$	9,712	$	14,194	$	9,245
Denominator
Basic weighted average shares outstanding	156,464		161,788		157,524		161,518
Dilutive effect of employee stock options and awards	5,929		6,222		5,773		6,502
Diluted weighted average shares outstanding (1)	162,393		168,010		163,297		168,020
Net income per share
Basic	$	0.12	$	0.06	$	0.09	$	0.06
Diluted	$	0.12	$	0.06	$	0.09	$	0.06

(1)For the thirteen and twenty-six weeks ended June 28, 2025, the calculation of diluted net income per share excludes the effect of 8.2 million and 7.6 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive. For the thirteen and twenty-six weeks ended June 29, 2024, the calculation of diluted net income per share excludes the effect of 3.5 million and 2.4 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive.