FOX FACTORY HOLDING CORPFOXF

FOX FACTORY HOLDING CORP Earnings Per Share Disclosure

10-KFiled Feb 27, 20262 min read
(Net Loss) Earnings Per Share
Basic earnings per share amounts are computed by dividing net (loss) income attributable to Fox stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted 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.
When the Company incurs a net loss for a period, all potential common shares are considered anti-dilutive in accordance with ASC 260. Accordingly, diluted net loss per share is the same as basic net loss per share for such periods, and the impact of stock-based awards and other potentially dilutive securities is excluded from the computation of diluted net loss per share.
The Company excluded 271, 127, and 12 shares from the calculation of diluted earnings per share for the years ended January 2, 2026, January 3, 2025, and December 29, 2023, respectively, as these shares would have been antidilutive.
The following table presents the calculation of basic and diluted earnings per share:
For the fiscal years ended
January 2, 2026January 3, 2025December 29, 2023
Net (loss) income attributable to FOX stockholders$(544,579)$6,550 $120,846 
Weighted average shares used to compute basic earnings per share41,783 41,681 42,305 
Dilutive effect of employee stock plans— 36 127 
Weighted average shares used to compute diluted earnings per share41,783 41,717 42,432 
(Net loss) earnings per share:
Basic$(13.03)$0.16 $2.86 
Diluted$(13.03)$0.16 $2.85 

Historical Timeline

Fiscal YearFiled
2026Feb 27, 2026Showing above
2025Feb 28, 2025
2023Feb 23, 2024
2022Feb 23, 2023
2021Feb 25, 2021
2020Mar 3, 2020
2018Feb 26, 2019
2017Feb 27, 2018
2016Mar 1, 2017
2015Feb 29, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

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