Quarterly report [Sections 13 or 15(d)]

Earnings (loss) Per Share

v3.25.2
Earnings (loss) Per Share
9 Months Ended
Jun. 28, 2025
Earnings Per Share [Abstract]  
Earnings (loss) Per Share

Note 13—Earnings (Loss) 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).

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 28, 2025

 

 

June 29, 2024

 

 

June 28, 2025

 

 

June 29, 2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

21,730

 

 

$

60,650

 

 

$

(74,154

)

 

$

(13,456

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

185,490

 

 

 

184,834

 

 

 

185,256

 

 

 

184,614

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

 

 

 

 

 

27

 

 

 

 

 

 

 

Weighted average shares outstanding - diluted

 

 

185,490

 

 

 

184,861

 

 

 

185,256

 

 

 

184,614

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

0.12

 

 

$

0.33

 

 

$

(0.40

)

 

$

(0.07

)

Diluted earnings (loss) per share

 

$

0.12

 

 

$

0.33

 

 

$

(0.40

)

 

$

(0.07

)

 

The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings (loss) per share because the effect of including such shares would have been antidilutive (in thousands):

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

 

June 28, 2025

 

 

June 29, 2024

 

 

June 28, 2025

 

 

June 29, 2024

 

Stock Options

 

 

 

818

 

 

 

2,253

 

 

 

1,112

 

 

 

2,780

 

RSUs

 

 

 

4,756

 

 

 

2,351

 

 

 

3,552

 

 

 

1,459

 

Total

 

 

 

5,574

 

 

 

4,604

 

 

 

4,664

 

 

 

4,239