Net Income Per Common Share

9 Months Ended

Sep. 25, 2026

2. Net Income per Common Share

Basic net income per common share is computed by dividing net income by the weighted average number of common shares outstanding during the period. With regard to common stock subject to vesting requirements and restricted stock units issued to the Company’s employees and non-employee members of its Board of Directors, the calculation includes only the vested portion of such stock and units.

Diluted net income per common share is computed by dividing net income by the weighted average number of common shares outstanding, increased by the assumed conversion of other potentially dilutive securities during the period.

The following table reconciles basic and dilutive weighted average common shares:


	Quarter Ended				Nine Months Ended
	September 25,		September 26,		September 25,		September 26,
	2026		2025		2026		2025

Basic weighted average common shares outstanding		24,862,303		27,287,733		25,030,725		27,492,363
Effect of dilutive securities:
Unvested restricted stock units and common stock subject to vesting requirements issued to employees and non-employees		91,047		327,295		94,989		668,153
Dilutive weighted average common shares outstanding		24,953,350		27,615,028		25,125,714		28,160,516

Approximately 382 thousand shares and 323 thousand shares of common stock equivalents were excluded from the computations of diluted net income per common share for the quarter and nine months ended September 25, 2026, respectively, as compared to 40 thousand shares and 14 thousand shares for the same periods in 2025, respectively, as inclusion would have had an anti-dilutive effect on diluted net income per common share. In addition, 1.2 million restricted stock units in the quarter and nine months ended September 25, 2026, were excluded from the computations of diluted net income per common share as they are contingently issuable shares with market-related conditions that have not been satisfied. Please see Note 7 for further information.