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Per Share Data
3 Months Ended
Mar. 30, 2024
Earnings Per Share [Abstract]  
Per Share Data
8.
Per Share Data

Basic net loss per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted net loss per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted net loss per share:

 

 

 

Three Months Ended

 

 

 

March 30,

 

 

April 1,

 

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

Net loss

 

$

(347,902

)

 

$

(118,679

)

Denominator:

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

 

79,208

 

 

 

70,596

 

Effect of dilutive common stock equivalents

 

 

 

 

 

 

Weighted average diluted common shares outstanding

 

 

79,208

 

 

 

70,596

 

Net loss per share

 

 

 

 

 

 

Basic

 

$

(4.39

)

 

$

(1.68

)

Diluted

 

$

(4.39

)

 

$

(1.68

)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted net loss per share was 9,083 and 8,999 for the three months ended March 30, 2024 and April 1, 2023, respectively.