Basic earnings (net loss) per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted earnings (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 earnings (net loss) per share:


	Three Months Ended					Nine Months Ended
	September 30,		October 1,			September 30,			October 1,
	2023		2022			2023			2022
Numerator:
Net income (loss)	$	43,731	$	(206,036	)	$	(24,120	)	$	(221,087	)
Denominator:
Weighted average shares of common stock outstanding		78,979		70,383			75,861			70,258
Effect of dilutive common stock equivalents		1,659		—			—			—
Weighted average diluted common shares outstanding		80,638		70,383			75,861			70,258
Earnings (net loss) per share
Basic	$	0.55	$	(2.93	)	$	(0.32	)	$	(3.15	)
Diluted	$	0.54	$	(2.93	)	$	(0.32	)	$	(3.15	)

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted earnings (net loss) per share was 6,770 and 9,229 for the three months ended September 30, 2023 and October 1, 2022, respectively. 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 9,341 and 8,307 for the nine months ended September 30, 2023 and October 1, 2022, respectively.