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)/income per share computation for the three and nine months ended June 28, 2025 and June 29, 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | (in thousands, except per share) | June 28, 2025 | | June 29, 2024 | | Basic | | Diluted | | Basic | | Diluted | NUMERATOR: | | | | | | | | Net (loss)/income | $ | (3,289) | | | $ | (3,289) | | | $ | 12,264 | | | $ | 12,264 | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | Weighted average shares outstanding - Basic | 52,692 | | | 52,692 | | | 55,280 | | | 55,280 | | Dilutive effect of Equity Plans | | | — | | | | | 444 | | | | | | | | | | | | | | | | | | Weighted average shares outstanding - Diluted | | | 52,692 | | | | | 55,724 | | EPS: | | | | | | | | Net (loss)/income per share - Basic | $ | (0.06) | | | $ | (0.06) | | | $ | 0.22 | | | $ | 0.22 | | Effect of dilutive shares | | | — | | | | | — | | Net (loss)/income per share - Diluted | | | $ | (0.06) | | | | | $ | 0.22 | | | | | | | | | | Anti-dilutive shares (1) | | | 289 | | | | 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine months ended | | | | | (in thousands, except per share) | June 28, 2025 | | June 29, 2024 | | | | | | Basic | | Diluted | | Basic | | Diluted | | | | | NUMERATOR: | | | | | | | | | | | | Net loss | $ | (6,166) | | | $ | (6,166) | | | $ | (81,123) | | | $ | (81,123) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | | | | Weighted average shares outstanding - Basic | 53,265 | | | 53,265 | | | 56,028 | | | 56,028 | | | | | | Dilutive effect of Equity Plans | | | — | | | | | — | | | | | | Weighted average shares outstanding - Diluted | | | 53,265 | | | | | 56,028 | | | | | | EPS: | | | | | | | | | | | | Net loss per share - Basic | $ | (0.12) | | | $ | (0.12) | | | $ | (1.45) | | | $ | (1.45) | | | | | | Effect of dilutive shares | | | — | | | | | — | | | | | | Net loss per share - Diluted | | | $ | (0.12) | | | | | $ | (1.45) | | | | | | | | | | | | | | | | | | Anti-dilutive shares (1) | | | 237 | | | | 445 | | | | |
(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 nine months ended June 28, 2025 and June 29, 2024 as the effect would have been anti-dilutive.
|