Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Dec. 27, 2024

Basic and Diluted Net Income (Loss) Per Share

Note 15 — 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
	2024			2023		2022
Numerator:
Net income (loss)	$	(20,208	)	$	21,347	$	39,665
Denominator:
Weighted average common shares outstanding		49,125			48,523		47,991
Less: Unvested restricted stock		—			—		(4	)
Weighted average common shares outstanding for basic		49,125			48,523		47,987
Dilutive potential common stock outstanding:
Stock options		—			813		1,310
Unvested restricted stock		—			3		2
RSUs		—			56		55
PSUs		—			32		26
Weighted average common shares outstanding for diluted		49,125			49,427		49,380
Net income (loss) per share:
Basic	$	(0.41	)	$	0.44	$	0.83
Diluted	$	(0.41	)	$	0.43	$	0.80

Because the Company had a net loss for 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
	2024		2023		2022
Stock options		4,166		2,073		933
Restricted stock, RSUs and PSUs		212		32		18
Total		4,378		2,105		951