The Company calculates basic and diluted earnings 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:


	Three Months Ended
(in thousands, except per share amounts)	March 28, 2026		March 29, 2025
			As Restated
Basic earnings per share:
Net income from continuing operations	$	23,831	$	13,508
Less: Net income attributable to participating securities, continuing operations	61		238
Net income after participating securities, continuing operations	23,770		13,270

Net income (loss) from discontinued operations, net of tax	30,999		(3,582)
Less: Net income attributable to participating securities, discontinued operations	79		—
Net income (loss) after participating securities, discontinued operations	30,920		(3,582)

Weighted-average common shares outstanding	164,156		160,568
Continuing operations	0.14		0.08
Discontinued operations	0.19		(0.02)
Net basic earnings per share	$	0.33	$	0.06


	Three Months Ended
(in thousands, except per share amounts)	March 28, 2026		March 29, 2025
			As Restated
Diluted earnings per share:
Net income from continuing operations	$	23,831	$	13,508
Less: Net income attributable to participating securities, continuing operations	61		31
Net income after participating securities, continuing operations	23,770		13,477

Net income (loss) from discontinued operations, net of tax	30,999		(3,582)
Less: Net income attributable to participating securities, discontinued operations	79		—
Net income (loss) after participating securities, discontinued operations	30,920		(3,582)

Weighted-average common shares outstanding	164,156		160,568
Dilutive effect of share-based awards	481		1,250
Weighted-average common shares outstanding, as adjusted	164,637		161,818
Continuing operations	0.14		0.08
Discontinued operations	0.19		(0.02)
Net diluted earnings per share	$	0.33	$	0.06

Basic earnings per share is computed by dividing net income 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 1,932,534 and 2,092,091 for the three months ended March 28, 2026 and March 29, 2025, respectively.