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Basic and Diluted Net Loss Per Share (Tables)
3 Months Ended
Mar. 28, 2025
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Loss Per Share

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

 

 

 

Three Months Ended

 

 

 

March 28, 2025

 

 

March 29, 2024

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(54,211

)

 

$

(3,339

)

Denominator:

 

 

 

 

 

 

Weighted average common shares:

 

 

 

 

 

 

Common shares outstanding

 

 

49,344

 

 

 

48,907

 

Denominator for basic calculation

 

 

49,344

 

 

 

48,907

 

Weighted average effects of potentially diluted common stock:

 

 

 

 

 

 

Stock options

 

 

 

 

 

 

Unvested restricted stock

 

 

 

 

 

 

RSUs

 

 

 

 

 

 

PSUs

 

 

 

 

 

 

Denominator for diluted calculation

 

 

49,344

 

 

 

48,907

 

Net loss per share:

 

 

 

 

 

 

Basic

 

$

(1.10

)

 

$

(0.07

)

Diluted

 

$

(1.10

)

 

$

(0.07

)

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

 

 

Three Months Ended

 

 

 

March 28, 2025

 

 

March 29, 2024

 

Stock options

 

 

7,004

 

 

 

4,316

 

Restricted stock, RSUs and PSUs

 

 

914

 

 

 

495

 

Total

 

 

7,918

 

 

 

4,811