Net (Loss) Income Per Share

9 Months Ended

Sep. 30, 2023

Basic and diluted net (loss) income per share were as follows:


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(in thousands, except per share data)	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Numerator
Net (loss) income	$	(15,612)	$	15,497	$	9,243	$	58,286
Denominator
Basic weighted average common shares outstanding	160,247		141,551		147,885		141,551
Dilutive effect of employee stock options and awards	—		4,573		5,249		4,573
Diluted weighted average common shares outstanding (1)	160,247		146,124		153,134		146,124
Net (loss) income per share
Basic	$	(0.10)	$	0.11	$	0.06	$	0.41
Diluted	$	(0.10)	$	0.11	$	0.06	$	0.40

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(1)For the thirteen weeks ended September 30, 2023, the calculation of diluted net loss per share excludes the effect of 6.6 million potential shares of common stock relating to awards of stock options and restricted stock units that would have been antidilutive. For the thirty-nine weeks ended September 30, 2023 and the thirteen and thirty-nine weeks ended October 1, 2022, there were no stock-based awards that would have had an antidilutive impact on earnings per share.