| NET INCOME PER SHARE |
NOTE 10: NET INCOME PER SHARE Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method for the Company’s restricted stock units and shares issuable under the ESPP. The following table sets forth the computation of the basic and diluted net income per share:
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Three Months Ended |
|
Six Months Ended |
(in thousands, except per share amounts) |
July 3, 2026 |
|
June 27, 2025 |
|
July 3, 2026 |
|
June 27, 2025 |
Numerator: |
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|
Income (loss) from continuing operations |
$ |
17,051 |
|
$ |
(857) |
|
$ |
26,699 |
|
$ |
1,512 |
Income (loss) from discontinued operations |
|
(19,375) |
|
|
3,728 |
|
|
(21,714) |
|
|
7,299 |
Net income (loss) |
$ |
(2,324) |
|
$ |
2,871 |
|
$ |
4,985 |
|
$ |
8,811 |
Denominator: |
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Weighted average number of shares outstanding: |
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Basic |
|
108,654 |
|
|
113,392 |
|
|
109,186 |
|
|
114,855 |
Restricted stock units |
|
980 |
|
|
— |
|
|
960 |
|
|
394 |
Stock purchase rights under the ESPP |
|
48 |
|
|
— |
|
|
30 |
|
|
7 |
Diluted |
|
109,682 |
|
|
113,392 |
|
|
110,176 |
|
|
115,256 |
Net income (loss) per share: |
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Basic: |
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|
|
|
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Continuing operations |
$ |
0.16 |
|
$ |
(0.01) |
|
$ |
0.24 |
|
$ |
0.01 |
Discontinued operations |
|
(0.18) |
|
|
0.04 |
|
|
(0.19) |
|
|
0.07 |
Basic net income (loss) per share |
$ |
(0.02) |
|
$ |
0.03 |
|
$ |
0.05 |
|
$ |
0.08 |
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|
|
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|
|
|
|
|
|
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Diluted: |
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|
|
|
|
|
|
|
|
|
|
Continuing operations |
$ |
0.16 |
|
$ |
(0.01) |
|
$ |
0.24 |
|
$ |
0.01 |
Discontinued operations |
|
(0.18) |
|
|
0.04 |
|
|
(0.19) |
|
|
0.07 |
Diluted net income (loss) per share |
$ |
(0.02) |
|
$ |
0.03 |
|
$ |
0.05 |
|
$ |
0.08 |
The following table sets forth the potential dilutive shares that were excluded from the computation of diluted net income per share, because their effects were anti-dilutive:
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Three Months Ended |
|
Six Months Ended |
(in thousands) |
July 3, 2026 |
|
June 27, 2025 |
|
July 3, 2026 |
|
June 27, 2025 |
Restricted stock units |
|
41 |
|
|
2,422 |
|
|
407 |
|
|
1,146 |
Stock purchase rights under the ESPP |
|
170 |
|
|
351 |
|
|
85 |
|
|
175 |
Total |
|
211 |
|
|
2,773 |
|
|
492 |
|
|
1,321 |
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