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).
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Three Months Ended |
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Nine Months Ended |
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June 28, 2025 |
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June 29, 2024 |
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June 28, 2025 |
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June 29, 2024 |
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Numerator: |
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Net income (loss) |
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$ |
21,730 |
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$ |
60,650 |
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$ |
(74,154 |
) |
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$ |
(13,456 |
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Denominator: |
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Weighted average shares outstanding - basic |
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185,490 |
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184,834 |
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185,256 |
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184,614 |
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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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27 |
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— |
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— |
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Weighted average shares outstanding - diluted |
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185,490 |
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184,861 |
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185,256 |
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184,614 |
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Basic earnings (loss) per share |
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$ |
0.12 |
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$ |
0.33 |
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$ |
(0.40 |
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$ |
(0.07 |
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Diluted earnings (loss) per share |
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$ |
0.12 |
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$ |
0.33 |
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$ |
(0.40 |
) |
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$ |
(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):
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Three Months Ended |
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Nine Months Ended |
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June 28, 2025 |
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June 29, 2024 |
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June 28, 2025 |
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June 29, 2024 |
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Stock Options |
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818 |
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2,253 |
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1,112 |
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2,780 |
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RSUs |
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4,756 |
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2,351 |
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3,552 |
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1,459 |
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Total |
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5,574 |
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4,604 |
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4,664 |
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4,239 |
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