Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Summary of Computation of Basic and Diluted Net Income (Loss) Per Share

The following is a computation of basic and diluted net income (loss) per share (amounts in thousands, except per share amounts):

	For the three-month periods ended				For the six-month periods ended
	June 29, 2024		July 1, 2023		June 29, 2024		July 1, 2023
Numerator:
Net income (loss)	$	13,906	$	25,599	$	2,734	$	(6,399	)
Denominator:
Weighted average shares of common stock outstanding (1), basic and diluted		192,600		189,071		192,420		189,063
Net income (loss) per share, basic	$	0.07	$	0.14	$	0.01	$	(0.03	)
Weighted average shares of common stock outstanding (1), diluted		196,869		189,739		196,274		189,063
Net income (loss) per share, diluted	$	0.07	$	0.13	$	0.01	$	(0.03	)
Dilutive securities outstanding not included in the computation of diluted net income (loss) per share, as their effect is antidilutive:
RSUs		1,478		3,434		1,478		8,401
PSUs		-		4,481		-		4,481
Stock options		13,088		14,110		13,088		14,110

(1)The calculation of weighted average shares of common stock outstanding includes all vested deferred restricted stock units.