| Computation of Basic and Diluted Earnings Per Common Share |
The computation of basic and diluted earnings (loss) per share was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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