Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director stock options. Stock options are considered dilutive whenever the exercise price is less than the average market price of the stock during the period

and antidilutive whenever the exercise price exceeds the average market price of the common stock during the period. All 2.1 million and 3.3 million employee stock options as of January 2, 2026 and January 3, 2025, respectively, and 1.5 million and 2.6 million restricted stock units as of January 2, 2026 and January 3, 2025, respectively, were excluded from the calculation of diluted earnings per share as they are antidilutive to the EPS calculation. The computation of basic and diluted EPS is as follows:


	Fiscal Year Ended
(In thousands, except share and per share data)	January 2, 2026			January 3, 2025
Numerator:
Net loss attributable to Shimmick Corporation	$	(25,584	)	$	(124,748	)
Numerator for basic and diluted EPS	$	(25,584	)	$	(124,748	)

Denominator:
Denominator for basic EPS - weighted average shares		34,770			30,406
Effect of dilutive securities:
Employee stock options		—			—
Restricted stock units		—			—
Dilutive potential common shares		—			—
Denominator for diluted EPS - adjusted weighted average shares and assumed conversions		34,770			30,406
Basic EPS	$	(0.74	)	$	(4.10	)
Diluted EPS	$	(0.74	)	$	(4.10	)