Net Income/(Loss) Per Share (Tables)

9 Months Ended

Oct. 03, 2023

Net Income/(Loss) Per Share

Schedule of basic and diluted net income (loss) per share

	Thirteen		Thirteen		Thirty-Nine		Thirty-Nine
	Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
	October 3, 2023		September 27, 2022		October 3, 2023		September 27, 2022
	(In thousands, except per share data)
Net income/(loss)	$	17,945	$	(2,398)	$	88,670	$	46,421
Basic weighted-average shares outstanding		48,281		49,653		48,489		50,124
Dilutive effect of equity awards (1)		704		—		708		584
Diluted weighted-average shares outstanding		48,985		49,653		49,197		50,708
Basic net income/(loss) per share	$	0.37	$	(0.05)	$	1.83	$	0.93
Diluted net income/(loss) per share	$	0.37	$	(0.05)	$	1.80	$	0.92

(1) Shares of common stock equivalents related to outstanding stock options, restricted stock and restricted stock units of 2.8 million and 3.3 million for October 3, 2023 and September 27, 2022, respectively, were excluded from the diluted calculation due to their anti-dilutive effect. No shares of common stock equivalents related to the Notes were included in the diluted calculation due to their anti-dilutive effect.