Earnings Per Share

9 Months Ended

Oct. 04, 2025

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


	Three Months Ended				Nine Months Ended
	October 4, 2025		September 28, 2024		October 4, 2025		September 28, 2024
Net loss	$	(9,936)	$	(28,504)	$	(62,223)	$	(167,187)

Shares used in computing basic earnings per share	32,835		32,309		32,656		32,114

Effect of dilutive securities:
Stock-based awards	—		—		—		—
Shares used in computing diluted earnings per share	32,835		32,309		32,656		32,114

Loss per share:
Basic	$	(0.30)	$	(0.88)	$	(1.91)	$	(5.21)
Diluted	$	(0.30)	$	(0.88)	$	(1.91)	$	(5.21)

Diluted shares for the three and nine months ended October 4, 2025 excluded 0.2 million and 0.3 million shares, respectively, and for the three and nine months ended September 28, 2024 excluded 0.1 million, and 0.2 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 and nine months ended October 4, 2025 were not material, and for the three and nine months ended September 28, 2024 were 0.7 million, and 0.5 million, respectively.