Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jun. 28, 2024

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					Six Months Ended
	June 28, 2024		June 30, 2023			June 28, 2024		June 30, 2023
Numerator:
Net income	$	7,379	$	6,064		$	4,040	$	8,774
Denominator:
Weighted average common shares:
Common shares outstanding		49,127		48,428			49,018		48,343
Less: Unvested restricted stock		—		(10	)		—		(10	)
Denominator for basic calculation		49,127		48,418			49,018		48,333
Weighted average effects of potentially diluted common stock:
Stock options		468		986			407		1,050
Unvested restricted stock		7		3			6		3
RSUs		109		46			57		77
PSUs		100		63			41		61
Denominator for diluted calculation		49,811		49,516			49,529		49,524
Net income per share:
Basic	$	0.15	$	0.13		$	0.08	$	0.18
Diluted	$	0.15	$	0.12		$	0.08	$	0.18

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				Six Months Ended
	June 28, 2024		June 30, 2023		June 28, 2024		June 30, 2023
Stock options		3,031		1,874		3,275		1,625
Restricted stock, RSUs and PSUs		180		127		63		24
Total		3,211		2,001		3,338		1,649