| Earnings Per Share |
Note 13—Earnings Per Share
The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):
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Three Months Ended |
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Six Months Ended |
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March 29, 2025 |
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March 30, 2024 |
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March 29, 2025 |
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March 30, 2024 |
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Numerator: |
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Net loss |
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$ |
(51,320 |
) |
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$ |
(34,553 |
) |
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$ |
(95,884 |
) |
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$ |
(74,106 |
) |
Denominator: |
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Weighted average shares outstanding - basic |
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185,256 |
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184,625 |
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185,139 |
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184,504 |
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Effect of dilutive securities: |
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Stock Options |
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— |
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— |
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— |
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— |
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RSUs |
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— |
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— |
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— |
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— |
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Weighted average shares outstanding - diluted |
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185,256 |
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184,625 |
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185,139 |
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184,504 |
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Basic earnings per share |
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$ |
(0.28 |
) |
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$ |
(0.19 |
) |
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$ |
(0.52 |
) |
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$ |
(0.40 |
) |
Diluted earnings per share |
|
$ |
(0.28 |
) |
|
$ |
(0.19 |
) |
|
$ |
(0.52 |
) |
|
$ |
(0.40 |
) |
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such shares would have been antidilutive (in thousands):
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Three Months Ended |
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Six Months Ended |
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March 29, 2025 |
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Mach 30, 2024 |
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March 29, 2025 |
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March 30, 2024 |
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Stock Options |
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1,000 |
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2,915 |
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1,259 |
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|
3,048 |
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RSUs |
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3,693 |
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|
1,512 |
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|
3,210 |
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|
1,620 |
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Total |
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4,693 |
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4,427 |
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4,469 |
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4,668 |
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