
	Three Months Ended				Six Months Ended
(in thousands, except per share data)	July 26, 2026		July 27, 2025		July 26, 2026		July 27, 2025
Net income (loss)	$	160,121	$	(27,064)	$	186,684	$	(7,719)

Weighted-average shares outstanding–basic	93,278		86,707		93,092		86,574
Dilutive effect of share-based compensation	2,714		—		2,596		—
Dilutive effect of 2027 Notes	1,987		—		1,815		—
Dilutive effect of 2030 Notes	1,140		—		450		—
Dilutive effect of Warrants	1,722		—		1,486		—
Weighted-average shares outstanding–diluted	100,841		86,707		99,439		86,574

Earnings (loss) per share:
Basic	$	1.72	$	(0.31)	$	2.01	$	(0.09)
Diluted	$	1.59	$	(0.31)	$	1.88	$	(0.09)

Anti-dilutive shares not included in the above calculations:
Share-based compensation	11		1,777		5		1,667


Warrants	—		8,573		—		8,573
Total anti-dilutive shares	11		10,350		5		10,240

Basic earnings or loss per share is computed by dividing net income or loss available to common stockholders by the weighted-average number of shares of common stock outstanding during the reporting period. Diluted earnings or loss per share incorporates the incremental shares issuable, calculated using the treasury stock method, upon the assumed exercise of non-qualified stock options and the vesting of restricted stock units, market-condition restricted stock units and financial metric-based restricted stock units if certain conditions have been met, but excludes such incremental shares that would have an anti-dilutive effect.

Any dilutive effect of the 2027 Notes, 2028 Notes and 2030 Notes (as defined in Note 9, Long-Term Debt) is calculated using the if-converted method. For the three and six months ended July 27, 2025, the 2027 Notes and 2028 Notes were excluded from diluted shares outstanding due to net loss in such reporting periods.

Any dilutive effect of the Warrants (as defined in Note 9, Long-Term Debt) is calculated using the treasury stock method. For the three and six months ended July 27, 2025, the Warrants were excluded from diluted shares outstanding because the exercise price exceeded the average market price of the Company's common stock for the reporting periods and due to net loss in such reporting periods.