v3.26.1
Earnings (Net Loss) Per Share (Tables)
6 Months Ended
Jul. 04, 2026
Earnings Per Share [Abstract]  
Schedule of Earnings (Net Loss) Per Share, Basic and Diluted
The following table sets forth the calculation of basic and diluted earnings (net loss) per share (amounts in thousands, except per share data):
13 Weeks Ended26 Weeks Ended
July 4,
2026
June 28,
2025
July 4,
2026
June 28,
2025
Numerator
Net income (loss) and comprehensive income (loss)
$5,626 $4,961 $(174,696)$(18,356)
Denominator
Weighted-average shares outstanding – basic
99,014 98,081 98,720 97,801 
Effect of dilutive options (1)
61 — — 
Effect of dilutive RSUs and PSUs (1)
756 318 — — 
Weighted-average shares outstanding – diluted (2)
99,773 98,460 98,720 97,801 
Earnings (net loss) per share:
Basic$0.06 $0.05 $(1.77)$(0.19)
Diluted$0.06 $0.05 $(1.77)$(0.19)
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(1)In calculating diluted weighted-average shares outstanding, we are required to include contingently issuable shares for market-based stock option awards, MSUs and PSUs as if the end of the reporting period were the end of the applicable contingency period, provided the underlying conditions are satisfied.
(2)For the first half of fiscal 2026 and the first half of fiscal 2025, there is no difference in the weighted-average shares outstanding used in the above calculations due to the Company's net loss.
Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings (Net Loss)
The following weighted-average common share equivalents were excluded from the calculation of diluted earnings (net loss) per share because their effect would have been anti-dilutive (amounts in thousands):
13 Weeks Ended26 Weeks Ended
July 4,
2026
June 28,
2025
July 4,
2026
June 28,
2025
Stock options
1,6751,7451,7161,478
RSUs
6513691,425870
Total2,3262,1143,1412,348