The Company calculates basic and diluted earnings (loss) per share using the two-class method. The following table sets forth the computation of basic and diluted earnings per share attributable to common shareholders:


	Year Ended
(in thousands, except per share amounts)		December 27, 2025		December 28, 2024		December 30, 2023
				As Restated		As Restated
Basic earnings (loss) per share:
Net income (loss) from continuing operations		$	132,073	$	546	$	(46,782)
Less: Net income attributable to participating securities, continuing operations		1,002		10		—
Net income (loss) after participating securities, continuing operations		131,071		536		(46,782)

Net income (loss) from discontinued operations, net of tax		8,089		(297,999)		(752,149)
Less: Net income attributable to participating securities, discontinued operations		61		—		—
Net income (loss) after participating securities, discontinued operations		8,028		(297,999)		(752,149)

Weighted-average common shares outstanding		162,836		160,319		161,917
Continuing operations		0.80		—		(0.29)
Discontinued operations		0.05		(1.86)		(4.65)
Net basic earnings (loss) per share		$	0.85	$	(1.86)	$	(4.94)


	Year Ended
(in thousands, except per share amounts)		December 27, 2025		December 28, 2024		December 30, 2023
				As Restated		As Restated
Diluted earnings (loss) per share:
Net income (loss) from continuing operations		$	132,073	$	546	$	(46,782)
Less: Net income attributable to participating securities, continuing operations		1,002		2		—
Net income (loss) after participating securities, continuing operations		131,071		544		(46,782)

Net income (loss) from discontinued operations, net of tax		8,089		(297,999)		(752,149)
Less: Net income attributable to participating securities, discontinued operations		61		—		—
Net income (loss) after participating securities, discontinued operations		8,028		(297,999)		(752,149)

Weighted-average common shares outstanding		162,836		160,319		161,917
Dilutive effect of share-based awards		1,016		891		—
Weighted-average common shares outstanding, as adjusted		163,852		161,210		161,917
Continuing operations		0.80		—		(0.29)
Discontinued operations		0.05		(1.86)		(4.65)
Net diluted earnings (loss) per share		$	0.85	$	(1.86)	$	(4.94)

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period. In addition, the Company’s participating securities are related to certain restricted stock awards issued to Section 16 officers, which include non-forfeitable dividend rights.

The Company has performance awards that are contingent on performance conditions which have not yet been met and therefore were excluded from the computation of weighted average shares of 2,342,181, 1,628,715, and 1,284,454 for the years ended December 27, 2025, December 28, 2024, and December 30, 2023, respectively.