v3.25.2
Earnings Per Share
6 Months Ended
Jul. 05, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):
Three Months EndedSix Months Ended
July 5,
2025
June 29,
2024
July 5,
2025
June 29,
2024
Net loss$(21,817)$(82,157)$(52,287)$(138,683)
Shares used in computing basic earnings per share32,68232,12432,57032,018
Effect of dilutive securities:
Stock-based awards
Shares used in computing diluted earnings per share32,68232,12432,57032,018
Loss per share:
Basic$(0.67)$(2.56)$(1.61)$(4.33)
Diluted$(0.67)$(2.56)$(1.61)$(4.33)
Diluted shares for the three and six months ended July 5, 2025 excluded 0.2 million and 0.3 million shares, respectively, and for the three and six months ended June 29, 2024 excluded 0.3 million, and 0.3 million shares, respectively, as they were anti-dilutive due to the Company’s net loss for the periods.
Securities that were anti-dilutive due to the Company’s stock price and were excluded from the computation of diluted earnings per share for the three and six months ended July 5, 2025 were 0.8 million and 0.5 million, respectively, and for the three and six months ended June 29, 2024 were 0.6 million, and 0.5 million, respectively.