| Earnings Per Share |
Note 14—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 30, 2024 |
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April 1, 2023 |
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March 30, 2024 |
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April 1, 2023 |
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Numerator: |
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Net loss |
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$ |
(34,553 |
) |
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$ |
(31,527 |
) |
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$ |
(74,106 |
) |
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$ |
(61,786 |
) |
Denominator: |
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Weighted average shares outstanding - basic |
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184,625 |
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183,729 |
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184,504 |
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|
183,621 |
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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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184,625 |
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183,729 |
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184,504 |
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183,621 |
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Basic earnings per share |
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$ |
(0.19 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.40 |
) |
|
$ |
(0.34 |
) |
Diluted earnings per share |
|
$ |
(0.19 |
) |
|
$ |
(0.17 |
) |
|
$ |
(0.40 |
) |
|
$ |
(0.34 |
) |
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 30, 2024 |
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April 1. 2023 |
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March 30, 2024 |
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April 1, 2023 |
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Stock Options |
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2,915 |
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3,573 |
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|
3,048 |
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|
3,636 |
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RSUs |
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1,512 |
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|
1,761 |
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1,620 |
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|
1,865 |
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Total |
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4,427 |
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5,334 |
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4,668 |
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5,501 |
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