(Loss) Earnings Per Share

12 Months Ended

Dec. 27, 2025

The following table sets forth the computation of basic and diluted (loss) earnings per share:


(in thousands, except per share amounts)	2025		2024		2023
Numerator:
Net (loss) income as reported	$	(71,700)	$	100,190	$	259,485

Denominator:
Weighted average shares outstanding
Basic	24,817		24,821		24,854
Effect of dilutive securities	—		218		248
Diluted	24,817		25,039		25,102

(Loss) Earnings Per Share:
Basic (loss) earnings per share	$	(2.89)	$	4.04	$	10.44
Diluted (loss) earnings per share	$	(2.89)	$	4.00	$	10.34

Potential shares of common stock attributable to stock options and restricted shares excluded from the earnings per share calculation because their effect would be anti-dilutive based on their strike price or the vesting condition was not met, were 204,189, 139,839, and 110,002 shares in 2025, 2024, and 2023, respectively.

In addition, potential common shares of 205,571 for fiscal year 2025 were excluded from the computation of diluted loss per share, because the effect would have been antidilutive as a result of the Company incurring a net loss in 2025.

During the fiscal year of 2025, the Company repurchased 120,689 shares of its common stock totaling $27.4 million pursuant to the 2024 program. There are $270.6 million of an authorized amount not yet purchased under the 2024 program as of December 27, 2025. During the fiscal year of 2024, the Company repurchased 179,311 shares of its common stock totaling $40.9 million, of which, $38.9 million was pursuant to the 2021 program and $2.0 million was pursuant to the 2024 program. During the fiscal year of 2023, the Company did not repurchase any shares of its common stock.