Net Income (Loss) Per Share Attributable to Common Stockholders

12 Months Ended

Sep. 30, 2023

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:


	September 30, 2023			October 1, 2022		October 2, 2021
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted	$	(10,274	)	$	67,383	$	158,595
Denominator:
Weighted-average shares of common stock - basic		127,702,885			127,691,030		122,245,212
Effect of potentially dilutive stock options		—			5,472,807		10,120,238
Effect of RSUs		—			4,385,406		7,875,245
Effect of PSUs		—			212,835		68,457
Weighted-average shares of common stock—diluted		127,702,885			137,762,078		140,309,152

Net income (loss) per share attributable to common stockholders:
Basic	$	(0.08	)	$	0.53	$	1.30
Diluted	$	(0.08	)	$	0.49	$	1.13

The following potentially dilutive shares as of the end of each period presented were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:


	September 30, 2023		October 1, 2022		October 2, 2021
Stock options to purchase common stock		9,449,904		6,877,530		9,030,004
Restricted stock units		9,742,444		5,041,645		3,505,140
Performance stock units		149,991		88,672		55,586
Total		19,342,339		12,007,847		12,590,730