Basic earnings (net loss) per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted earnings (net loss) per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted earnings (net loss) per share:


	Three Months Ended				Six Months Ended
	June 29,		July 1,		June 29,			July 1,
	2024		2023		2024			2023
Numerator:
Net income (loss)	$	23,269	$	50,828	$	(324,633	)	$	(67,851	)
Denominator:
Weighted average shares of common stock outstanding		79,483		78,007		79,345			74,302
Effect of dilutive common stock equivalents		342		584		—			—
Weighted average diluted common shares outstanding		79,825		78,591		79,345			74,302
Earnings (net loss) per share
Basic	$	0.29	$	0.65	$	(4.09	)	$	(0.91	)
Diluted	$	0.29	$	0.65	$	(4.09	)	$	(0.91	)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted earnings per share was 9,420 and 9,068 for the three months ended June 29, 2024 and July 1, 2023, respectively. The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted net loss per share was 9,312 and 9,485 for the six months ended June 29, 2024 and July 1, 2023, respectively.