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Note 14—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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July 4, 2026 |
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June 28, 2025 |
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July 4, 2026 |
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June 28, 2025 |
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Numerator: |
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Net income (loss) |
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$ |
47,794 |
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$ |
21,730 |
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$ |
(87,674 |
) |
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$ |
(74,154 |
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Denominator: |
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Weighted average shares outstanding - basic |
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9,363 |
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9,275 |
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9,329 |
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9,263 |
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Effect of dilutive securities: |
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Stock Options |
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58 |
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— |
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— |
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— |
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RSUs |
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121 |
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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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9,542 |
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9,275 |
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9,329 |
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9,263 |
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Basic earnings (loss) per share |
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$ |
5.10 |
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$ |
2.34 |
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$ |
(9.40 |
) |
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$ |
(8.01 |
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Diluted earnings (loss) per share |
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$ |
5.01 |
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$ |
2.34 |
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$ |
(9.40 |
) |
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$ |
(8.01 |
) |
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted 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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July 4, 2026 |
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June 28, 2025 |
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July 4, 2026 |
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June 28, 2025 |
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Stock Options |
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21 |
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40 |
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23 |
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55 |
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RSUs |
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108 |
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237 |
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183 |
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177 |
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Total |
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129 |
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277 |
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206 |
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232 |
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