Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.24.3
Earnings Per Share
 9 Months Ended
Sep. 28, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
Basic and diluted weighted-average shares outstanding are as follows:
Nine Months Ended
Three Months Ended
(In thousands)
 September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Weighted Average Shares - Basic 34,961  32,707  35,011  33,000 
Net Effect of Dilutive Stock Awards —  —  —  — 
Weighted Average Shares - Diluted 34,961  32,707  35,011  33,000 
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 three and nine months ended September 28, 2024 and the three and nine months ended September 30, 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 1,218,000 shares as of September 28, 2024 and 1,315,000 shares as of September 30, 2023.