v3.25.2
Earnings (Net Loss) Per Share
6 Months Ended
Jun. 28, 2025
Earnings Per Share [Abstract]  
Earnings (Net Loss) Per Share Earnings (Net Loss) Per Share
The following table sets forth the calculation of basic and diluted earnings (net loss) per share (amounts in thousands, except per share data):
13 Weeks Ended26 Weeks Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Numerator
Net income (loss) and comprehensive income (loss)
$4,961 $14,001 $(18,356)$12,976 
Denominator
Weighted-average shares outstanding – basic
98,081 99,542 97,801 99,531 
Effect of dilutive options (1)
61 759 — 948 
Effect of dilutive RSUs and PSUs (1)
318 68 — 274 
Weighted-average shares outstanding – diluted (2)
98,460 100,369 97,801 100,753 
Earnings (net loss) per share:
Basic$0.05 $0.14 $(0.19)$0.13 
Diluted$0.05 $0.14 $(0.19)$0.13 
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(1)We are required to include in diluted weighted-average shares outstanding contingently issuable shares that would be exercisable or issued, assuming the end of our reporting period was the end of the relevant market-based option award or PSU award contingency period.
(2)For the 26 weeks ended June 28, 2025, there is no difference in the weighted-average shares outstanding used in the above calculations due to the Company's net loss.
The following weighted-average common share equivalents were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive (amounts in thousands):
13 Weeks Ended26 Weeks Ended
June 28,
2025
June 29,
2024
June 28,
2025
June 29,
2024
Stock options
1,7451,478
RSUs
369818870617
Total2,1148182,348617