v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 27, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
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 EndedSix Months Ended
(in thousands, except per share amounts)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
As RestatedAs Restated
Basic earnings per share:
Net income from continuing operations$37,274 $16,432 $61,105 $29,940 
Less: Net income attributable to participating securities, continuing operations94 126 155 379 
Net income after participating securities, continuing operations37,180 16,306 60,950 29,561 
Net (loss) income from discontinued operations, net of tax(3,027)37,612 27,972 34,030 
Less: Net income attributable to participating securities, discontinued operations— 289 71 430 
Net (loss) income after participating securities, discontinued operations(3,027)37,323 27,901 33,600 
Weighted-average common shares outstanding164,481 162,833 164,319 161,701 
Continuing operations0.23 0.10 0.37 0.18 
Discontinued operations(0.02)0.23 0.17 0.21 
Net basic earnings per share$0.21 $0.33 $0.54 $0.39 

Three Months EndedSix Months Ended
(in thousands, except per share amounts)June 27, 2026June 28, 2025June 27, 2026June 28, 2025
As RestatedAs Restated
Diluted earnings per share:
Net income from continuing operations$37,274 $16,432 $61,105 $29,940 
Less: Net income attributable to participating securities, continuing operations94 38 155 69 
Net income after participating securities, continuing operations37,180 16,394 60,950 29,871 
Net (loss) income from discontinued operations, net of tax(3,027)37,612 27,972 34,030 
Less: Net income attributable to participating securities, discontinued operations— 87 71 79 
Net (loss) income after participating securities, discontinued operations(3,027)37,525 27,901 33,951 
Weighted-average common shares outstanding164,481 162,833 164,319 161,701 
Dilutive effect of share-based awards 455 1,317 455 1,283 
Weighted-average common shares outstanding, as adjusted164,936 164,150 164,774 162,984 
Continuing operations0.23 0.10 0.37 0.18 
Discontinued operations(0.02)0.23 0.17 0.21 
Net diluted earnings per share$0.21 $0.33 $0.54 $0.39 
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 certain performance-based restricted stock awards, 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 1,884,041 for the three and six months ended June 27, 2026 and 2,457,215 for the three and six months ended June 28, 2025.
The following securities were not included in the computation of diluted shares outstanding because the effect would be antidilutive:
Three Months EndedSix Months Ended
Number of securities (in thousands)
June 27, 2026June 28, 2025June 27, 2026June 28, 2025
Restricted stock units17 255 17 373 
Stock options1,740 1,743 1,740 1,743 
Total1,757 1,998 1,757 2,116