Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2023
Earnings Per Share [Abstract]  
Earnings (Loss) per Share
EARNINGS (LOSS) PER SHARE
Basic earnings per share (EPS) is computed by dividing net income, or loss, by the weighted average number of common shares outstanding for the period. Diluted EPS reflects potential dilution that could occur if securities to issue common stock were exercised or converted into common stock. Diluted EPS includes the dilutive effect of stock-based compensation outstanding after application of the treasury stock method.
Three Months EndedSix Months Ended
June 30,July 1,June 30,July 1,
(In thousands, except per share data)2023202220232022
Net income (loss)$1,799 $10,472 $(15,681)$13,327 
Weighted average common shares outstanding31,033 11,826 30,981 11,793 
Add: Dilutive impact of stock options18 18 — 22 
Add: Dilutive impact of restricted stock units554 110 — 102 
Diluted weighted average common shares outstanding31,605 11,954 30,981 11,917 
Earnings (loss) per share
Basic$0.06 $0.89 $(0.51)$1.13 
Diluted$0.06 $0.88 $(0.51)$1.12 
The following table summarizes the weighted average of anti-dilutive securities excluded from the diluted earnings per share calculation.
Three Months EndedSix Months Ended
June 30,July 1,June 30,July 1,
(In thousands)2023202220232022
Anti-dilutive restricted stock units2 25 2 15