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Net Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 29, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income (loss) per share (in thousands):

 

 

Year Ended

 

 

December 29,

 

 

December 30,

 

 

December 25,

 

 

2017

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

 

75,085

 

 

$

 

10,051

 

 

$

 

(10,732

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in computation — basic:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

33,409

 

 

 

 

32,632

 

 

 

 

31,564

 

Shares used in computation — diluted:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

33,409

 

 

 

 

32,632

 

 

 

 

31,564

 

Dilutive effect of common shares outstanding

   subject to repurchase

 

 

878

 

 

 

 

485

 

 

 

 

Dilutive effect of options outstanding

 

 

16

 

 

 

 

33

 

 

 

 

Shares used in computing diluted net income

   (loss) per share

 

 

34,303

 

 

 

 

33,150

 

 

 

 

31,564

 

Net income (loss) per share — basic

$

 

2.25

 

 

$

 

0.31

 

 

$

 

(0.34

)

Net income (loss) per share — diluted

$

 

2.19

 

 

$

 

0.30

 

 

$

 

(0.34

)

 

Summary of Outstanding Securities Excluded in Computation of Diluted Net Income (Loss) Per Share

The Company had securities outstanding which could potentially dilute basic earnings per share in the future, but the incremental shares from the assumed exercise of these securities were excluded in the computation of diluted net income (loss) per share, as their effect would have been anti-dilutive. Such outstanding securities consist of the following (in thousands):

 

 

 

 

Year Ended

 

 

 

 

December 29,

 

December 30,

 

 

December 25,

 

 

 

 

2017

 

2016

 

 

2015

 

Outstanding options

 

 

none

 

 

 

174

 

 

 

 

261