Net Loss Per Share

3 Months Ended

Mar. 29, 2025

Basic net loss per share is computed by dividing net loss by the weighted-average number of shares outstanding during the period. Diluted net loss per share gives effect to all potentially dilutive common equivalent shares outstanding for the period under the treasury stock method.

Basic and diluted net loss per share were as follows:


	Thirteen Weeks Ended
(in thousands, except per share data)	March 29, 2025		March 30, 2024
Numerator
Net loss	$	(4,723)	$	(467)
Denominator
Basic weighted average shares outstanding	158,584		161,247
Dilutive effect of employee stock options and awards	—		—
Diluted weighted average shares outstanding (1)	158,584		161,247
Net loss per share
Basic	$	(0.03)	$	(0.00)
Diluted	$	(0.03)	$	(0.00)

(1)For the thirteen weeks ended March 29, 2025 and March 30, 2024, the calculation of diluted net loss per share excludes the effect of 12.6 million and 8.1 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.