| EARNINGS PER COMMON SHARE Earnings per common share calculated for the second quarter and first six months of 2025 and 2024 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | ($ and shares in thousands, except per share data) | | Second Quarter Ended | | Six Months Ended | | June 29, 2025 | | June 30, 2024 | | June 29, 2025 | | June 30, 2024 | | Numerator: | | | | | | | | | | Earnings for basic earnings per common share calculation | | $ | 32,436 | | | $ | 47,884 | | | $ | 70,674 | | | $ | 82,977 | | | | | | | | | | | | | | | | | | | | Denominator: (1) | | | | | | | | | | Weighted average common shares outstanding - basic | | 32,520 | | 32,586 | | 32,595 | | 32,533 | | Weighted average impact of potentially dilutive convertible notes | | 903 | | 391 | | 984 | | 349 | | Weighted average impact of potentially dilutive warrants | | 199 | | | — | | | 295 | | | — | | | Weighted average impact of potentially dilutive securities | | 201 | | 277 | | 242 | | 305 | | Weighted average common shares outstanding - diluted | | 33,823 | | 33,254 | | 34,116 | | 33,187 | Earnings per common share: (1) | | | | | | | | | | Basic earnings per common share | | $ | 1.00 | | | $ | 1.47 | | | $ | 2.17 | | | $ | 2.55 | | | Diluted earnings per common share | | $ | 0.96 | | | $ | 1.44 | | | $ | 2.07 | | | $ | 2.50 | |
(1)The prior year periods reflect the impact of the three-for-two stock split paid in December 2024. See Note 1 "Basis of Presentation and Significant Accounting Policies" for further details. An immaterial amount of securities were not included in the computation of diluted earnings per common share as they are considered anti-dilutive for the periods presented.
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