Earnings Per Share

3 Months Ended

Apr. 05, 2025

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended
	April 5, 2025		March 30, 2024
Net loss	$	(30,470)	$	(56,526)
Shares used in computing basic earnings per share	32,465		31,910
Effect of dilutive securities:
Stock-based awards	—		—
Shares used in computing diluted earnings per share	32,465		31,910
Loss per share:
Basic	$	(0.94)	$	(1.77)
Diluted	$	(0.94)	$	(1.77)

Diluted shares for the three months ended April 5, 2025 and March 30, 2024 excluded 0.3 million and 0.4 million shares, respectively, as they were anti-dilutive due to the Company’s net loss for the periods. Securities that were anti-dilutive due to the Company’s stock price and were excluded from the computation of diluted earnings per share for the three months ended April 5, 2025 and March 30, 2024 were insignificant.