Earnings Per Share

9 Months Ended

Sep. 27, 2024

EARNINGS PER SHARE

Basic earnings per share (EPS) is computed by dividing net income, or loss, by the weighted average number of common shares outstanding for the period. Diluted EPS reflects potential dilution that could occur if securities to issue common stock were exercised or converted into common stock. Diluted EPS includes the dilutive effect of stock-based compensation outstanding after application of the treasury stock method.


	Three Months Ended	Nine Months Ended
			September 27,		September 29,		September 27,		September 29,
(In thousands, except per share data)			2024		2023		2024		2023
Net income (loss)			$	15,051	$	(6,400)	$	9,651	$	(22,081)

Weighted average common shares outstanding			31,550		31,179		31,458		31,048
Add: Dilutive impact of stock options			20		—		19		—
Add: Dilutive impact of restricted stock units			403		—		444		—
Diluted weighted average common shares outstanding			31,973		31,179		31,921		31,048

Earnings (loss) per share
Basic			$	0.48	$	(0.21)	$	0.31	$	(0.71)
Diluted			$	0.47	$	(0.21)	$	0.30	$	(0.71)

The following table summarizes the weighted average of anti-dilutive securities excluded from the diluted EPS calculation.


	Three Months Ended	Nine Months Ended
			September 27,	September 29,	September 27,	September 29,
(In thousands)			2024	2023	2024	2023

Anti-dilutive restricted stock units			—	—	22	1
Total			—	—	22	1