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.
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