Net Income (Loss) Per Share Attributable to Common Stockholders

9 Months Ended

Jul. 02, 2022

Net Income (Loss) Per Share Attributable to Common Stockholders

11. Net Income (Loss) Per Share Attributable to Common Stockholders

Basic net income (loss) per share attributable to common stockholders is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income (loss) per share attributable to common stockholders adjusts the basic net income (loss) per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders:


	Three Months Ended					Nine Months Ended
	July 2, 2022			July 3, 2021		July 2, 2022		July 3, 2021
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted	$	(597	)	$	17,826	$	131,451	$	167,339
Denominator:
Weighted-average shares of common stock—basic		127,884,400			125,138,279		127,886,487		120,876,472
Effect of potentially dilutive stock options		—			10,702,443		6,394,897		10,282,836
Effect of RSUs		—			8,276,118		5,021,346		8,103,126
Effect of PSUs		—			64,792		199,797		31,341
Weighted-average shares of common stock—diluted		127,884,400			144,181,632		139,502,527		139,293,775
Net income (loss) per share attributable to common stockholders:
Basic	$	0.00		$	0.14	$	1.03	$	1.38
Diluted	$	0.00		$	0.12	$	0.94	$	1.20

The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share attributable to common stockholders because including them would have been antidilutive:


	Three Months Ended				Nine Months Ended
	July 2, 2022		July 3, 2021		July 2, 2022		July 3, 2021
Stock options to purchase common stock		11,635,083		5,887,084		6,393,441		10,161,710
Restricted stock units		9,328,274		2,709,489		4,700,508		3,806,326
Performance stock units		301,507		56,742		101,709		33,653
Total		21,264,864		8,653,315		11,195,658		14,001,689