v3.26.3
Net (Loss) Income per Common Share
9 Months Ended
Oct. 03, 2026
Earnings Per Share [Abstract]  
Net (Loss) Income per Common Share
13.
NET (LOSS) INCOME PER COMMON SHARE

The reconciliations of basic and diluted net (loss) income per common share for the three and nine months ended October 3, 2026 and September 27, 2025 are set forth in the table below (in thousands, except per share data):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

October 3, 2026

 

 

September 27, 2025

 

 

October 3, 2026

 

 

September 27, 2025

 

Net (loss) income available to common shareholders,
   basic and diluted

 

$

(84,971

)

 

$

4,550

 

 

$

(383,573

)

 

$

64,295

 

Weighted average number of common shares
   outstanding, basic

 

 

118,862

 

 

 

118,353

 

 

 

118,719

 

 

 

118,300

 

Effect of dilutive securities

 

 

—

 

 

 

60

 

 

 

—

 

 

 

68

 

Weighted average number of common shares
   outstanding, diluted

 

 

118,862

 

 

 

118,413

 

 

 

118,719

 

 

 

118,368

 

Net (loss) income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.71

)

 

$

0.04

 

 

$

(3.23

)

 

$

0.54

 

Diluted

 

$

(0.71

)

 

$

0.04

 

 

$

(3.23

)

 

$

0.54

 

 

During the three and nine months ended October 3, 2026, 5.2 million shares of common stock from stock options and 2.6 million from RSUs were excluded from the calculation of diluted net (loss) income per common share as their effect was antidilutive due to a net loss available to common shareholders. During the three and nine months ended September 27, 2025, 2.5 million shares of common stock from stock options for both periods and 0.8 million and 0.6 million from RSUs, respectively, were excluded from the calculation of diluted net (loss) income per common share as their effect was antidilutive.