Quarterly report [Sections 13 or 15(d)]

Net (Loss) Income Per Share

v3.26.3
Net (Loss) Income Per Share
 9 Months Ended
Oct. 03, 2026
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
15. Net (Loss) Income Per Share

Basic net (loss) income per share is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted net (loss) income per share is computed based on the weighted average number of common stock outstanding plus the effect of dilutive potential common stock outstanding during the period using the treasury stock method. For the three and nine month periods ended October 3, 2026, we reported a net loss, therefore dilutive earnings per share (“EPS”) excluded 121,717 and 231,020 shares, respectively, as their effect would be anti-dilutive. For the three and nine month periods ended September 27, 2025, dilutive potential common shares include stock options and unvested RSUs.
The following table sets forth the computation of basic and diluted EPS attributable to common stockholders for the periods presented:

Three Months Ended Nine Months Ended
(amounts in millions, except share and per share data)
 October 3, 2026 September 27, 2025 October 3, 2026 September 27, 2025
Numerator:
Net (loss) income attributable to common stockholders $ (13.3) $ 15.2  $ (2.4) $ 46.7 
Denominator:
Weighted average number of shares:
Basic 134,442,071  138,869,081  136,410,629  139,490,841 
Adjustment for dilutive securities —  566,297  —  412,480 
Diluted 134,442,071  139,435,378  136,410,629  139,903,321
Basic net (loss) income per share attributable to common stockholders $ (0.10) $ 0.11  $ (0.02) $ 0.33 
Diluted net (loss) income per share attributable to common stockholders $ (0.10) $ 0.11  $ (0.02) $ 0.33