| Schedule of Basic and Diluted Earnings Per Share |
The following table summarizes the computation of basic and diluted EPS under the two-class or if-converted method in applicable periods, as well as the anti-dilutive shares excluded: | | | | | | | | | | | | | | | | | | | Year ended | August 28,
2026 | | August 29,
2025 | | August 30,
2024 | | Net income (loss) from continuing operations | $ | 180,615 | | | $ | 25,391 | | | $ | (44,324) | | | Net loss from discontinued operations | — | | | — | | | (8,148) | | | Net income (loss) attributable to Penguin Solutions – Basic and Diluted | $ | 180,615 | | | $ | 25,391 | | | $ | (52,472) | | Less: Preferred stock dividends | 12,133 | | | 8,667 | | | — | | | Income available for distribution | 168,482 | | | 16,724 | | | (52,472) | | | Income allocated to participating securities | 17,394 | | | 1,263 | | | — | | | Net income (loss) available to common stockholders | $ | 151,088 | | | $ | 15,461 | | | $ | (52,472) | | | | | | | | | Weighted-average shares outstanding – Basic | 52,952 | | 53,154 | | 52,428 | | Dilutive effect of equity plans and Convertible Senior Notes | 5,873 | | 1,214 | | — | | Weighted-average shares outstanding – Diluted | 58,825 | | 54,368 | | 52,428 | | | | | | | | Earnings (loss) per common share: | | | | | | | Basic | $ | 2.85 | | | $ | 0.29 | | | $ | (0.85) | | | Discontinued operations | — | | | — | | | (0.15) | | | $ | 2.85 | | | $ | 0.29 | | | $ | (1.00) | | | | | | | | | Method used: | Two-Class | | Two-Class | | | Diluted earnings (loss) per common share: | | | | | | | Continuing operations | $ | 2.60 | | | $ | 0.28 | | | $ | (0.85) | | | Discontinued operations | — | | | — | | | (0.15) | | | $ | 2.60 | | | $ | 0.28 | | | $ | (1.00) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unweighted anti-dilutive shares: | | | | | | | Equity plans | 288 | | | 945 | | | 5,184 | | | | | | | | | Preferred stock | 6,096 | | | 6,096 | | | — | | | 6,384 | | 7,041 | | 5,184 |
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