Earnings Per Share

3 Months Ended

Mar. 27, 2021

NOTE 13. Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated using the weighted average number of shares of common stock outstanding during the period. Restricted stock units, employee stock purchase grants and stock options are included in the calculation of diluted earnings per share, except when their effect would be anti-dilutive.

The Company’s basic and diluted earnings (loss) per share amounts are as follows:

	Three Months Ended
	March 27,		March 28,
	2021		2020
Numerator:
Net income (loss)	$	24,113	$	(4,404	)
Denominator:
Basic earnings (loss) per share - weighted average shares outstanding		49,000		50,121
Effect of potential dilutive securities:
Employee stock options, employee stock purchase grants and restricted stock units - dilutive shares		572		—
Diluted earnings (loss) per share - weighted average shares outstanding		49,572		50,121
Earnings (loss) per share:
Basic	$	0.49	$	(0.09	)
Diluted	$	0.49	$	(0.09	)