v3.26.1
(Loss) Earnings Per Share
6 Months Ended
Jun. 28, 2026
Earnings Per Share [Abstract]  
(Loss) Earnings Per Share (Loss) Earnings Per Share
The following table sets forth the reconciliation of the numerator and the denominator of basic (loss) earnings per share and diluted (loss) earnings per share for the thirteen and twenty-six weeks ended June 28, 2026 and June 29, 2025:
13 Weeks Ended26 Weeks Ended
(U.S. Dollars presented in millions, except per share amounts)June 28, 2026June 29, 2025June 28, 2026June 29, 2025
Numerator:
Numerator for basic and diluted (loss) earnings per share - Net (loss) income$(57.6)$37.3 $(73.0)$50.6 
Denominator:
Denominator for basic (loss) earnings per share - weighted average shares outstanding153.6 126.8 140.6 127.2 
Effect of dilutive securities - stock-based awards— 2.3 — 2.7 
Denominator for diluted (loss) earnings per share - weighted average shares outstanding153.6 129.1 140.6 129.9 
(Loss) earnings per share:
Basic$(0.38)$0.29 $(0.52)$0.40 
Diluted$(0.38)$0.29 $(0.52)$0.39 

Due to the net loss during the thirteen and twenty-six weeks ended June 28, 2026, all potential common shares were anti‑dilutive and have been excluded from the calculation of diluted loss per share. Approximately 2.2 million and 0.7 million shares were excluded from the calculation of diluted earnings per share for the thirteen and twenty-six weeks ended June 29, 2025, respectively, because their inclusion would have been anti-dilutive.