Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Jan. 02, 2026

Basic and Diluted Net Income (Loss) Per Share

Note 16 — Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income (loss) per share (in thousands except per share amounts):


	Years Ended
	2025			2024			2023
Numerator:
Net income (loss)	$	(80,448	)	$	(20,208	)	$	21,347
Denominator:
Weighted average common shares outstanding		49,568			49,125			48,523
Weighted average common shares outstanding for basic		49,568			49,125			48,523
Dilutive potential common stock outstanding:
Stock options		—			—			813
Unvested restricted stock		—			—			3
RSUs		—			—			56
PSUs		—			—			32
Weighted average common shares outstanding for diluted		49,568			49,125			49,427
Net income (loss) per share:
Basic	$	(1.62	)	$	(0.41	)	$	0.44
Diluted	$	(1.62	)	$	(0.41	)	$	0.43

Because the Company had a net loss for 2025 and 2024, the number of diluted shares is equal to the number of basic shares. The following table sets forth (in thousands) the weighted average number of options to purchase shares of common stock, restricted stock, RSUs and PSUs with either exercise prices or unrecognized compensation cost per share greater than the average market price per share of the Company’s common stock, which were not included in the calculation of diluted per share amounts because the effects would be anti-dilutive.


	Years Ended
	2025		2024		2023
Stock options		5,253		4,166		2,073
Restricted stock, RSUs and PSUs		778		212		32
Total		6,031		4,378		2,105