v3.26.1
Basic and Diluted Net Income (Loss) Per Share
3 Months Ended
Apr. 03, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

Note 13 — Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

 

April 3, 2026

 

 

March 28, 2025

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

5,206

 

 

$

(54,211

)

Denominator:

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

Common shares outstanding

 

 

49,908

 

 

 

49,344

 

Denominator for basic calculation

 

 

49,908

 

 

 

49,344

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

Stock options

 

 

48

 

 

 

 

RSUs

 

 

373

 

 

 

 

PSUs

 

 

571

 

 

 

 

Denominator for diluted calculation

 

 

50,900

 

 

 

49,344

 

Net income (loss) per share:

 

 

 

 

 

 

Basic

 

$

0.10

 

 

$

(1.10

)

Diluted

 

$

0.10

 

 

$

(1.10

)

 

Because the Company had a net loss for the three months ended March 28, 2025, the number of diluted shares is equal to the number of basic shares. The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.

 

 

 

Three Months Ended

 

 

 

April 3, 2026

 

 

March 28, 2025

 

Stock options

 

 

4,105

 

 

 

7,004

 

Restricted stock, RSUs and PSUs

 

 

244

 

 

 

914

 

Total

 

 

4,349

 

 

 

7,918