Earnings Per Share

3 Months Ended

Mar. 30, 2024

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share data):


	Three Months Ended
	March 30, 2024		April 1, 2023
Net income (loss)	$	(56,526)	$	13,967

Shares used in computing basic earnings per share	31,910		31,959

Effect of dilutive securities:
Convertible debt and stock-based awards	—		1,794
Shares used in computing diluted earnings per share	31,910		33,753

Earnings (loss) per share:
Basic	$	(1.77)	$	0.44
Diluted	$	(1.77)	$	0.41

Diluted shares for the three months ended March 30, 2024 excluded 0.4 million shares due to the Company's net loss for the period. For the three months ended April 1, 2023, approximately 1.2 million shares were included in the denominator for the calculation of diluted earnings per share (related to the not yet converted or redeemed 2025 Notes.) Securities that were anti-dilutive were insignificant and were excluded from the computation of diluted earnings per share for the three months ended April 1, 2023.