| Basic and Diluted Net Income (Loss) Per Share |
Note 13 — Basic and Diluted Net Income (Loss) Per Share The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):
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Three Months Ended |
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Nine Months Ended |
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October 2, 2026 |
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September 26, 2025 |
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October 2, 2026 |
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September 26, 2025 |
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Numerator: |
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Net income (loss) |
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$ |
5,575 |
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$ |
8,884 |
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$ |
18,839 |
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$ |
(62,139 |
) |
Denominator: |
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Weighted average common shares: |
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Common shares outstanding |
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50,542 |
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49,633 |
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50,257 |
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49,499 |
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Denominator for basic calculation |
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50,542 |
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49,633 |
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50,257 |
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49,499 |
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Weighted average effects of potentially diluted common stock: |
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Stock options |
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51 |
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96 |
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56 |
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— |
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PSOs |
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— |
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— |
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— |
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— |
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RSUs |
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391 |
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452 |
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520 |
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— |
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PSUs |
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465 |
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368 |
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569 |
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— |
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Denominator for diluted calculation |
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51,449 |
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50,549 |
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51,402 |
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49,499 |
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Net income (loss) per share: |
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Basic |
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$ |
0.11 |
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$ |
0.18 |
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$ |
0.37 |
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$ |
(1.26 |
) |
Diluted |
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$ |
0.11 |
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$ |
0.18 |
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$ |
0.37 |
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$ |
(1.26 |
) |
Because the Company had a net loss for the nine months ended September 26, 2025, the number of diluted shares is equal to the number of basic shares. The following table sets forth potentially dilutive securities excluded from the computation of diluted net income (loss) per share for the periods presented because their effect would have been anti-dilutive (shares in thousands):
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Three Months Ended |
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Nine Months Ended |
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October 2, 2026 |
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September 26, 2025 |
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October 2, 2026 |
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September 26, 2025 |
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Stock options and PSOs |
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1,611 |
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2,020 |
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1,505 |
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2,346 |
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Restricted stock, RSUs and PSUs |
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69 |
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1,076 |
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33 |
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803 |
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Total |
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1,680 |
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3,096 |
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1,538 |
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3,149 |
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