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Basic and Diluted Net Income (Loss) Per Share
3 Months Ended
Mar. 29, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

Note 12 — Basic and Diluted Net Income (Loss) Per Share

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

 

 

 

Three Months Ended

 

 

 

March 29, 2024

 

 

March 31, 2023

 

Numerator:

 

 

 

 

 

 

Net income (loss)

 

$

(3,339

)

 

$

2,710

 

Denominator:

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

Common shares outstanding

 

 

48,907

 

 

 

48,251

 

Less: Unvested restricted stock

 

 

 

 

 

(4

)

Denominator for basic calculation

 

 

48,907

 

 

 

48,247

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

Stock options

 

 

 

 

 

1,116

 

Unvested restricted stock

 

 

 

 

 

3

 

RSUs

 

 

 

 

 

81

 

PSUs

 

 

 

 

 

53

 

Denominator for diluted calculation

 

 

48,907

 

 

 

49,500

 

Net income (loss) per share:

 

 

 

 

 

 

Basic

 

$

(0.07

)

 

$

0.06

 

Diluted

 

$

(0.07

)

 

$

0.05

 

Because the Company had a net loss for the three months ended March 29, 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.

 

 

 

Three Months Ended

 

 

 

March 29, 2024

 

 

March 31, 2023

 

Stock options

 

 

4,316

 

 

 

1,392

 

Restricted stock, RSUs and PSUs

 

 

495

 

 

 

15

 

Total

 

 

4,811

 

 

 

1,407