Basic net (loss) earnings per share amounts are computed by dividing net (loss) income for the period by the weighted average number of common shares outstanding during the period. Diluted net (loss) earnings per share amounts are computed by dividing net (loss) income for the period by the weighted average number of shares of common stock and potentially dilutive common stock outstanding during the period. Potentially dilutive common shares include shares issuable upon the exercise of outstanding stock options and vesting of restricted stock units, which are reflected in diluted earnings per share by application of the treasury stock method. For purpose of the diluted net loss per share calculation, the potential dilutive common shares are excluded because their effect would be antidilutive; therefore, basic and diluted net loss per share were the same for the three months ended March 29, 2024.

The Company excluded 139 and 1 shares from the calculation of diluted net (loss) earnings per share for the three months ended March 29, 2024 and March 31, 2023, respectively, as these shares would have been antidilutive.


	For the three months ended
	March 29, 2024		March 31, 2023
Net (loss) income	$	(3,496)	$	41,767

Weighted average shares used to compute basic earnings per share	41,650		42,298
Dilutive effect of employee stock plans	—		198
Weighted average shares used to compute diluted earnings per share	41,650		42,496
Earnings per share:
Basic	$	(0.08)	$	0.99
Diluted	$	(0.08)	$	0.98