Earnings Per Share

12 Months Ended

Dec. 29, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Note 9. Earnings Per Share

Basic earnings per share (“EPS”) is calculated based on the weighted average shares outstanding during the period. Diluted earnings per share includes the dilutive effect of employee and director stock options. Stock options are considered dilutive whenever the exercise price is less than the average market price of the stock during the period and antidilutive whenever the exercise price exceeds the average market price of the common stock during the period. All 4.1 and 4.5 million employee stock options were excluded from the calculation of diluted earnings per share for the fiscal years ended December 29, 2023 and December 30, 2022, respectively, as they are antidilutive to the EPS calculation. The computation of basic and diluted EPS is as follows:

	Fiscal Year Ended
(In thousands, except per share data)	December 29, 2023			December 30, 2022
Numerator:
Net (loss) income attributable to Shimmick Corporation	$	(2,546	)	$	3,760
Numerator for basic and diluted EPS	$	(2,546	)	$	3,760
Denominator:
Denominator for basic EPS - weighted average shares		22,356			21,909
Effect of dilutive securities:
Employee stock options		—			—
Dilutive potential common shares		—			—
Denominator for diluted EPS - adjusted weighted average shares and assumed conversions		22,356			21,909
Basic EPS	$	(0.11	)	$	0.17
Diluted EPS	$	(0.11	)	$	0.17