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Income per Share
9 Months Ended
Sep. 27, 2026
Earnings Per Share [Abstract]  
Income per Share Income per Share
The following table presents the basis for the income per share computations:

Three Months EndedNine Months Ended
September 27, 2026September 28, 2025September 27, 2026September 28, 2025
(In thousands)
Numerator:
Net income (loss)$(11,351)$56,690 $108,212 $169,633 
Denominator:
Weighted average shares outstanding, basic39,080 39,516 38,952 39,728 
Effect of dilutive common stock equivalents— 621 422 596 
     Weighted average shares outstanding, diluted39,080 40,137 39,374 40,324 
For the three and nine months ended September 27, 2026, diluted weighted average shares outstanding did not include outstanding equity awards of 0.5 million and 0.1 million, respectively, because they were anti-dilutive. For the three and nine months ended September 28, 2025, diluted weighted average shares outstanding did not include outstanding equity awards of 0.1 million and 0.1 million, respectively, because they were anti-dilutive.
In addition, for the three months ended September 27, 2026 and September 28, 2025, diluted weighted average shares outstanding do not include outstanding equity awards of 0.3 million and 0.2 million because the related performance conditions have not been satisfied. For both the nine months ended September 27, 2026 and September 28, 2025, diluted weighted average shares outstanding do not include outstanding equity awards of 0.3 million because the related performance conditions have not been satisfied.
For purposes of calculating basic earnings per share, unvested restricted stock units are not included in the calculation of basic weighted average shares outstanding until all necessary conditions have been satisfied and issuance of the shares underlying the restricted stock units is no longer contingent. Necessary conditions are not satisfied until the vesting date, at which time holders of our restricted stock units receive shares of our common stock. For purposes of calculating diluted earnings per share, unvested restricted stock units are included to the extent that they are dilutive. In determining whether unvested restricted stock units are dilutive, each issuance of restricted stock units is considered separately. Once a restricted stock unit has vested, it is included in the calculation of both basic and diluted weighted average shares outstanding.