| Reconciliation of shares used in the basic and diluted net income per share computation |
The following table reflects a reconciliation of the shares used in the basic and diluted net income/(loss) per share computation for the three and six months ended April 4, 2026 and March 29, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended | | (in thousands, except per share) | April 4, 2026 | | March 29, 2025 | | | Basic | | Diluted | | Basic | | Diluted | | NUMERATOR: | | | | | | | | | Net income/(loss) | $ | 35,148 | | | $ | 35,148 | | | $ | (84,519) | | | $ | (84,519) | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | Weighted average shares outstanding - Basic | 52,327 | | | 52,327 | | | 53,311 | | | 53,311 | | | Dilutive effect of Equity Plans | | | 794 | | | | | — | | | | | | | | | | | | | | | | | | | Weighted average shares outstanding - Diluted | | | 53,121 | | | | | 53,311 | | | EPS: | | | | | | | | | Net income/(loss) per share - Basic | $ | 0.67 | | | $ | 0.67 | | | $ | (1.59) | | | $ | (1.59) | | | Effect of dilutive shares | | | (0.01) | | | | | — | | | Net income/(loss) per share - Diluted | | | $ | 0.66 | | | | | $ | (1.59) | | | | | | | | | | Anti-dilutive shares (1) | | | 3 | | | | 249 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | | | | (in thousands, except per share) | April 4, 2026 | | March 29, 2025 | | | | | | | Basic | | Diluted | | Basic | | Diluted | | | | | | NUMERATOR: | | | | | | | | | | | | | Net income /(loss) | $ | 51,944 | | | $ | 51,944 | | | $ | (2,877) | | | $ | (2,877) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | DENOMINATOR: | | | | | | | | | | | | | Weighted average shares outstanding - Basic | 52,323 | | | 52,323 | | | 53,551 | | | 53,551 | | | | | | | Dilutive effect of Equity Plans | | | 640 | | | | | — | | | | | | | Weighted average shares outstanding - Diluted | | | 52,963 | | | | | 53,551 | | | | | | | EPS: | | | | | | | | | | | | | Net income /(loss) per share - Basic | $ | 0.99 | | | $ | 0.99 | | | $ | (0.05) | | | $ | (0.05) | | | | | | | Effect of dilutive shares | | | (0.01) | | | | | — | | | | | | | Net income /(loss) per share - Diluted | | | $ | 0.98 | | | | | $ | (0.05) | | | | | | | | | | | | | | | | | | Anti-dilutive shares (1) | | | 670 | | | | 285 | | | | |
(1) Represents the Time-based RSUs, Relative TSR PSUs and Growth PSUs that are excluded from the calculation of diluted earnings per share for the three and six months ended April 4, 2026 and March 29, 2025 as the effect would have been anti-dilutive.
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