Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 28, 2024

Schedule of Basic and Diluted Net Income (Loss) per Share

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


	Thirteen Weeks Ended				Thirty-Nine Weeks Ended
(in thousands, except per share data)	September 28, 2024		September 30, 2023		September 28, 2024		September 30, 2023
Numerator
Net income (loss)	$	21,681	$	(15,612)	$	30,926	$	9,243
Denominator
Basic weighted average common shares outstanding	160,856		160,247		161,301		147,885
Dilutive effect of employee stock options and awards	4,815		—		5,940		5,249
Diluted weighted average common shares outstanding (1)	165,671		160,247		167,241		153,134
Net income (loss) per share (2)
Basic	$	0.13	$	(0.10)	$	0.19	$	0.06
Diluted	$	0.13	$	(0.10)	$	0.18	$	0.06

(1)For the thirteen and thirty-nine weeks ended September 28, 2024, the calculation of diluted net income per share excludes the effect of 3.9 million and 2.9 million, respectively, of potential shares of common stock relating to awards of stock options and restricted stock units that, if exercised or vested, would have been antidilutive. 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, there were no stock awards that would have had an antidilutive impact on net income per share.

(2)Due to the differences between quarterly and year-to-date weighted average share counts and the effect of quarterly rounding to the nearest cent per share, the year-to-date calculation of net income (loss) per share may not equal the sum of the quarters.