Net Income per Common Share

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The components of basic and diluted net (loss) income per share were as follows (in thousands, except per share amounts):

	Three Months Ended				Nine Months Ended
	September 30, 2023		October 1, 2022		September 30, 2023		October 1, 2022
Net (loss) income	$	(2,318)	$	5,033	$	9,901	$	42,040
Reconciliation of weighted-average shares outstanding:
Basic weighted-average shares outstanding	22,479		22,218		22,412		22,444
Dilutive effect of stock-based awards	—		355		146		515
Diluted weighted-average shares outstanding	22,479		22,573		22,558		22,959
Net (loss) income per share – basic	$	(0.10)	$	0.23	$	0.44	$	1.87
Net (loss) income per share – diluted	$	(0.10)	$	0.22	$	0.44	$	1.83

For the three months ended September 30, 2023, otherwise dilutive stock-based awards have been excluded from the calculation of diluted weighted-average shares outstanding, as their inclusion would have had an anti-dilutive effect on our net loss per diluted share. Additional potential dilutive stock-based awards totaling 1.1 million and 0.5 million for the three months ended September 30, 2023 and October 1, 2022, respectively, and 1.2 million and 0.5 million for the nine months ended September 30, 2023 and October 1, 2022, respectively, have been excluded from the diluted net (loss)/income per share calculations because these stock-based awards were anti-dilutive.