| EARNINGS PER SHARE |
EARNINGS PER SHARE The following table sets forth the calculation of basic and diluted earnings per share: | | | | | | | | | | | | | | | | | | | | | | | | | For the thirteen weeks ended | | For the twenty-six weeks ended | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | | Numerator: | | | | | | | | | Net income (loss) | $ | (2,430) | | | $ | 10,863 | | | $ | 4,826 | | | $ | 13,680 | | | Denominator: | | | | | | | | | Weighted average common shares outstanding - basic | 120,284,587 | | 119,162,895 | | 120,049,592 | | 119,005,954 | | Dilutive effect of potential common shares from RSUs | — | | 346,941 | | 910,509 | | 462,500 | | Dilutive effect of potential common shares from PSUs | — | | 280,789 | | 188,658 | | 208,230 | | Weighted average common shares outstanding - diluted | 120,284,587 | | 119,790,625 | | 121,148,759 | | 119,676,684 | | Earnings per share: | | | | | | | | | Basic | $ | (0.02) | | | $ | 0.09 | | | $ | 0.04 | | | $ | 0.11 | | | Diluted | $ | (0.02) | | | $ | 0.09 | | | $ | 0.04 | | | $ | 0.11 | |
The following outstanding shares of Common Stock equivalents were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive. Warrants to purchase shares of Common Stock having an exercise price greater than the average share market price are excluded from the calculation of diluted earnings per share. | | | | | | | | | | | | | | | | | | | | | | | | | For the thirteen weeks ended | | For the twenty-six weeks ended | | June 28, 2026 | | June 29, 2025 | | June 28, 2026 | | June 29, 2025 | | Anti-dilutive shares excluded from calculation of diluted EPS: | | | | | | | | | Warrants | 14,633,311 | | | 14,633,311 | | | 14,633,311 | | | 14,633,311 | | | Stock options | 355,715 | | | 437,268 | | | 355,715 | | | 437,268 | | | Restricted stock units | 1,129,254 | | | 2,058,769 | | | 218,745 | | | 2,058,769 | | | Performance stock units | 2,293,111 | | | 2,264,503 | | | 2,104,453 | | | 2,264,503 | | | Unvested earn-out shares | 1,093,750 | | | 1,093,750 | | | 1,093,750 | | | 1,093,750 | | | Total anti-dilutive shares | 19,505,141 | | | 20,487,601 | | | 18,405,974 | | | 20,487,601 | |
|