Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

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Earnings Per Share
 6 Months Ended
Jun. 29, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
Six Months Ended
Three Months Ended
(In thousands)
 June 29, 2024 July 1, 2023 June 29, 2024 July 1, 2023
Weighted Average Shares - Basic 34,936  32,560  35,007  32,614 
Net Effect of Dilutive Stock Awards —  —  540  — 
Weighted Average Shares - Diluted 34,936  32,560  35,547  32,614 
Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The Company incurred a net loss for the six months ended June 29, 2024 and the three and six months ended July 1, 2023, therefore all outstanding stock options and unvested restricted stock units are excluded from the computation of diluted loss per share because the effect of their inclusion would be anti-dilutive. The number of common shares excluded from the computation was approximately 1,072,000 shares as of June 29, 2024 and 1,114,000 shares as of July 1, 2023.