v3.26.1
Basic and Diluted Net Income (Loss) Per Share
6 Months Ended
Jul. 03, 2026
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

Note 13 — Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 3, 2026

 

 

June 27, 2025

 

 

July 3, 2026

 

 

June 27, 2025

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

8,058

 

 

$

(16,812

)

 

$

13,264

 

 

$

(71,023

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

 

 

 

 

 

 

Common shares outstanding

 

 

50,321

 

 

 

49,520

 

 

 

50,114

 

 

 

49,432

 

Denominator for basic calculation

 

 

50,321

 

 

 

49,520

 

 

 

50,114

 

 

 

49,432

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

77

 

 

 

 

 

 

62

 

 

 

 

RSUs

 

 

494

 

 

 

 

 

 

515

 

 

 

 

PSUs

 

 

609

 

 

 

 

 

 

602

 

 

 

 

Denominator for diluted calculation

 

 

51,501

 

 

 

49,520

 

 

 

51,293

 

 

 

49,432

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.16

 

 

$

(0.34

)

 

$

0.26

 

 

$

(1.44

)

Diluted

 

$

0.16

 

 

$

(0.34

)

 

$

0.26

 

 

$

(1.44

)

 

Because the Company had a net loss for the three and six months ended June 27, 2025, the number of diluted shares is equal to the number of basic shares. The following table sets forth potentially dilutive securities excluded from the computation of diluted net income (loss) per share for the periods presented because their effect would have been anti-dilutive (shares in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 3, 2026

 

 

June 27, 2025

 

 

July 3, 2026

 

 

June 27, 2025

 

Stock options

 

 

1,280

 

 

 

2,372

 

 

 

1,443

 

 

 

2,487

 

Restricted stock, RSUs and PSUs

 

 

77

 

 

 

651

 

 

 

38

 

 

 

700

 

Total

 

 

1,357

 

 

 

3,023

 

 

 

1,481

 

 

 

3,187