v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 28, 2025
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic earnings per share:
Six months endedThree months ended
(In thousands, except per share amounts)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Basic Earnings per Common Share:
Net Income (Loss) - Basic$10,842 $(1,645)$1,314 $1,533 
Weighted Average Shares - Basic35,347 34,936 35,406 35,007 
Basic Earnings per Common Share$0.31 $(0.05)$0.04 $0.04 
The following table sets forth the computation of diluted net income (loss) per share:
Six months endedThree months ended
(In thousands, except per share amounts)June 28, 2025June 29, 2024June 28, 2025June 29, 2024
Diluted Earnings per Common Share:
Net Income (Loss) - Diluted$10,842 $(1,645)$1,314 $1,533 
Weighted Average Shares - Basic35,347 34,936 35,406 35,007 
Net Effect of Dilutive Stock Awards712 — 962 540 
Weighted Average Shares - Diluted36,059 34,936 36,368 35,547 
Diluted Earnings per Common Share$0.30 $(0.05)$0.04 $0.04 
The Company includes the dilutive effect of shares issuable upon conversion of its Convertible Notes in the calculation of diluted income per share using the if-converted method. The Company has the option for the Convertible Notes to settle the conversion value in any combination of cash or shares, and as such, the maximum number of shares issuable are included in the dilutive share count if the effect would be dilutive. The Company excluded all impacts of the Convertible Notes from the computation of diluted earnings per share as the effect would be anti-dilutive.
Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The Company incurred a net loss for the six months ended June 29, 2024, therefore all outstanding stock options and unvested restricted stock units were excluded from the computation of diluted loss per share because the effect of their inclusion would be anti-dilutive. The number of common shares excluded from the computation was approximately 399,000 shares as of June 28, 2025 and 1,072,000 shares as of June 29, 2024.