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Per Share Data (Tables)
6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Net Loss) Per Share

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

)