v3.26.1
EARNINGS PER SHARE ("EPS")
6 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE (EPS)

11. EARNINGS PER SHARE (“EPS”)

Basic EPS is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding and dilutive potential common shares for the period. Potential common shares include the weighted-average dilutive effects of outstanding stock options and restricted stock awards using the treasury stock method.

The following table sets forth the number of weighted-average common shares outstanding used to compute basic and diluted EPS:

Three months ended

Six months ended

July 3,

July 4,

July 3,

July 4,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

(in thousands, except per share amounts)

Net income (loss)

$

24,345

$

15,436

$

32,875

$

20,123

Weighted-average common shares outstanding

 

15,043

 

14,444

 

14,891

 

14,298

Effect of dilutive stock options and restricted stock awards

 

380

 

473

 

513

 

480

Weighted-average common shares outstanding-diluted

 

15,423

 

14,917

 

15,404

 

14,778

Earnings (Loss) per share:

Basic

$

1.62

$

1.07

$

2.21

$

1.41

Diluted

$

1.58

$

1.03

$

2.13

$

1.36

 

 

For the three months ended July 3, 2026, the Company excluded 63,000 common shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive. For the six months ended July 3, 2026, and for the three and six months ended July 4, 2025, the Company excluded an immaterial number of shares subject to outstanding equity awards from the calculation of diluted shares because their impact would have been anti-dilutive.