Earnings Per Share

3 Months Ended

Apr. 04, 2026

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three Months Ended
	April 4, 2026		April 5, 2025
Net loss	$	(15,897)	$	(30,470)

Shares used in computing basic earnings per share	32,963		32,465

Effect of dilutive securities:
Stock-based awards	—		—
Shares used in computing diluted earnings per share	32,963		32,465

Loss per share:
Basic	$	(0.48)	$	(0.94)
Diluted	$	(0.48)	$	(0.94)

Diluted shares for the three months ended April 4, 2026 and April 5, 2025 excluded 0.6 million and 0.3 million shares, respectively, as they were anti-dilutive due to the Company’s net loss for the periods. Securities that were anti-dilutive due to the Company’s stock price and were excluded from the computation of diluted earnings per share for the three months ended April 4, 2026 and April 5, 2025 were not material.