Earnings Per Share (Tables)

3 Months Ended

Mar. 28, 2026

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

The following securities were not included in the computation of diluted shares outstanding because the effect would be antidilutive:


	Three Months Ended
Number of securities (in thousands)		March 28, 2026	March 29, 2025
Restricted stock units		65	625


Stock options		1,740	1,743



Total		1,805	2,368