11.
Per Share Data

Basic (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented. Diluted (net loss) earnings per share is calculated utilizing the weighted average number of common shares outstanding during the periods presented adjusted for the effect of dilutive common stock equivalents.

The following table sets forth the computation of basic and diluted (net loss) earnings per share:

 

Successor

 

 

 

Predecessor

 

 

Period from

 

 

 

Period from

 

 

 

 

 

 

 

 

June 25, 2025

 

 

 

December 29, 2024

 

 

Fiscal Year Ended

 

 

Fiscal Year Ended

 

 

through December 31, 2025

 

 

 

through June 24, 2025

 

 

December 28, 2024

 

 

December 30, 2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income

$

(62,095

)

 

 

$

1,118,103

 

 

$

(345,701

)

 

$

(112,255

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares of common stock outstanding

 

9,987

 

 

 

 

80,271

 

 

 

79,578

 

 

 

76,677

 

Effect of dilutive common stock equivalents

 

 

 

 

 

727

 

 

 

 

 

 

 

Weighted average diluted common shares outstanding

 

9,987

 

 

 

 

80,998

 

 

 

79,578

 

 

 

76,677

 

(Net loss) earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(6.22

)

 

 

$

13.93

 

 

$

(4.34

)

 

$

(1.46

)

Diluted

$

(6.22

)

 

 

$

13.80

 

 

$

(4.34

)

 

$

(1.46

)

 

The number of anti-dilutive common stock equivalents excluded from the calculation of the weighted average number of common shares for diluted (net loss) earnings per share was 26, 7,003, 9,572 and 9,113 for the period from June 25, 2025 through December 31, 2025 (Successor), the period from December 29, 2024 through June 24, 2025 (Predecessor), the fiscal year ended December 28, 2024 (Predecessor) and the fiscal year ended December 30, 2023 (Predecessor), respectively.

Historical Timeline

Fiscal YearFiled
2025Mar 16, 2026Showing above
2024Feb 28, 2025
2023Feb 28, 2024
2022Mar 1, 2022
2021Feb 25, 2021
2019Feb 25, 2020
2018Feb 26, 2019
2017Feb 28, 2018
2016Mar 2, 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.